Lawrence Stroll is involved in initial discussions regarding him selling a minor stake of up to 25% in the Aston Martin Formula 1 team, according to reports this week.
Stroll is looking to cash in on the sport’s exponential growth in recent terms and is open to selling as much as a quarter stake in the business, Bloomberg has written.
The Canadian billionaire’s ownership of the Silverstone-based squad remains separate from his controlling stake in the Aston Martin Lagonda luxury road car division.
It is believed that Stroll intends to shore up the team’s $1 billion valuation following the sale of a minority stake to US private equity firm Arctos Partners in November.
“From time to time and more recently following the Arctos Partners investment, the team is contacted by interested parties,” a spokesperson revealed to Bloomberg.
While interest in the 10 incumbent F1 teams on the grid continues to grow, the same cannot be said about Aston Martin Lagonda whose stock continues to decline.
The luxury car brand has seen its stock fall by a third since the start of the year and is 80% down on when Stroll, now executive chairman, took control of the group.
Two-time F1 champion Fernando Alonso announced earlier this month that he had penned a multi-term renewal with Aston Martin to remain for the next rules reset.
Aston Martin, which sits fifth in the Constructors’ Championship at present, will embark upon a partnership with Honda in 2026 as it bids to become a title contender.
Discussion about this post