Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Aston Martin’s 2021 F1 entry still on target – Stroll

by Ryan Wood
5 years ago
A A
Aston Martin’s 2021 F1 entry still on target – Stroll
Share on FacebookShare on Twitter

Aston Martin’s plans to enter Formula 1 in 2021 are still on track according to the companies incoming Executive Chair, Lawrence Stroll.

Stroll, co-owner of the Racing Point outfit, has taken a 25 per cent stake in the British manufacturer, which has cost the Canadian billionaire and his investors £171 million ($210m), plus a further cash injection of £91m ($111m).

It is however less than the £195m ($239m) he previously agreed to pay for a 16.7 per cent stake prior to the outbreak of the Covid-19 virus, which saw Aston Martin Lagonda’s share price plummet and led to the deal being renegotiated.

On Tuesday Aston Martin Lagonda confirmed completion of the new share sale and Stroll’s investment, which is part of a wider fundraising campaign totalling £536m ($656m).

RelatedPosts

FP1 has taken place ahead of the F1 Italian GP

F1 2025 Italian Grand Prix – FP1 Results

27 minutes ago
The Monaco GP is here to stay on the F1 calendar

F1 extends deal for Monaco GP to run through 2035

2 hours ago

In a short statement issued by the company, Stroll confirmed plans to enter F1 with Racing Point are still going ahead, despite the current pandemic and F1’s recent decision to push back the 2021 rules to 2022.

“I, and my co-investors in the consortium, continue to believe passionately in the future of Aston Martin Lagonda,” said Stroll.

“This is most clearly demonstrated by our investment of £262m which underpins the financial security of the Company. This is a very significant capital raise of £536m – due to be made by my consortium and other shareholders at a very challenging time.

“This gives the necessary stability to reset the business for its long-term future. 

“We have a clear plan to make this happen, including Aston Martin entering an F1 works team next season and I look forward to working with the management team to deliver this programme.”

Tags: AstonMartinF1RacingPoint
Share270Tweet124Share

Related Posts

Lewis Hamilton fastest in Italian GP FP1
Formula 1

Lewis Hamilton fastest in Italian GP FP1

27 minutes ago
FP1 has taken place ahead of the F1 Italian GP
Formula 1

F1 2025 Italian Grand Prix – FP1 Results

27 minutes ago
The Monaco GP is here to stay on the F1 calendar
Formula 1

F1 extends deal for Monaco GP to run through 2035

2 hours ago
Load More

Discussion about this post

Upcoming Races

#EventDate
16Italian GP05-07 September
17Azerbaijan GP19-21 September
18Singapore GP03-05 October
19United States GP17-19 October
20Mexico City GP24-26 October

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri309
Lando Norris275
Max Verstappen205
George Russell184
Charles Leclerc151
Lewis Hamilton109
Andrea Kimi Antonelli64
Alexander Albon64
Nico Hulkenberg37
Isack Hadjar37

Click here for full Drivers’ Standings

Latest Articles

Lewis Hamilton fastest in Italian GP FP1
Formula 1

Lewis Hamilton fastest in Italian GP FP1

September 5, 2025
FP1 has taken place ahead of the F1 Italian GP
Formula 1

F1 2025 Italian Grand Prix – FP1 Results

September 5, 2025
The Monaco GP is here to stay on the F1 calendar
Formula 1

F1 extends deal for Monaco GP to run through 2035

September 5, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd