Wednesday, May 22, 2024
NewsLawrence Stroll Holds 25% Stake In Aston Martin And Will Enter F1

Lawrence Stroll Holds 25% Stake In Aston Martin And Will Enter F1

Aston Martin’s future is secured thanks to Stroll and they’re going racing in F1 next year.

  • Stroll and his investors will pay $210 million for the 25% stake.

  • Stroll will become chairman at AM starting April 20th.

  • Stroll’s Racing Point team will become AM’s F1 team.


For most car enthusiasts, Lawrence Stroll is living the dream. Sure, being a billionaire is nice but he’s doing everything we’d do including owning a world-famous racetrack, an F1 racing team and now, a storied car company. Earlier this week, Stroll and his team of investors secured their stakes in Aston Martin with a financial rescue plan.

Lawrence Stroll Purchases 16.7 Percent of Aston Martin

Back in January, Stroll had struck a deal with Aston Martin but the company’s situation changed the following month. This led to renegotiations where Stroll would now pay $210 million for the 25% stake in the brand as well as inject a further $112 million in short-term funding.

You probably all know about Stroll’s F1 Racing Point Formula One team and that his son, Lance Stroll, is an F1 driver. As part of the deal, Stroll Sr. will rebrand Racing Point for Aston Martin which will mark AM’s return to F1 for the first time in almost 70 years.

Aston Martin is anxiously waiting for the COVID-19 shutdown to pass so that they may start production of their DBX SUV and their new Vantage Roadster.

Aston Martin DBX | Photo: Aston Martin
Aston Martin DBX | Photo: Aston Martin
Aston Martin V12 Speedster | Photo: Aston Martin

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Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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