Aston Martin F1 reassures fans amid AML stake sale
Yesterday at 06:42 AM
Aston Martin F1 has swiftly responded to the unexpected announcement that Aston Martin Lagonda, the car company instrumental in the legendary brand's return to Formula 1, is offloading its minority stake in the racing outfit.
The news, which broke on Monday morning, raised eyebrows across the motorsport world, prompting the team to clarify the implications for its future.
Aston Martin Lagonda executive chairman Lawrence Stroll – whose Yew Tree Consortium also own the F1 team – was quick to address speculation, asserting that the sale would have "no impact to the long-term sponsorship agreement" between AML and the F1 team.
This assurance underscores his determination to keep the iconic Aston Martin name – and its signature British racing green livery – firmly planted on the Formula 1 grid.
A Commitment Cast in Stone
In a formal statement released by Aston Martin F1, the team elaborated on the developments, aiming to dispel any doubts about its stability.
"Today's news underscores our executive chairman Lawrence Stroll's long-term and unwavering commitment to both Aston Martin and the current Formula One Team," read a statement from the Silverstone-based outfit.
"A long-term contract is now in place to ensure the Aston Martin name remains at the pinnacle of motorsport for decades to come."
The statement further detailed the financial maneuvers behind the sale.
"The proposed transactions, which will see Aston Martin Lagonda (AML) sell its stake in the Aston Martin Aramco Formula One Team (AMF1), will result in Mr Stroll increasing his shareholding in AML to 33% while strengthening the company's balance sheet by over £125m."
This move, the team emphasized, is designed to bolster Aston Martin Lagonda's financial health while preserving its motorsport legacy.
Strategic Moves and Future Prospects
To facilitate the sale, Stroll has enlisted the expertise of the investment bank Raine Group.
"Mr Stroll has commissioned the investment bank Raine Group to help find a buyer for AML's stake in the Formula One team. Raine will work closely with AMF1's commercial chief Jeff Slack to secure a strategic investor who can add long-term value to the team and the brand."
This collaborative effort signals a proactive approach to ensuring the team's continued growth and competitiveness.
Stroll himself reinforced the team's optimistic outlook, stating: "These moves demonstrate that Aston Martin's place on the Formula One grid is as secure as ever.
"AML recently re-committed to its long-term sponsorship and licensing agreement with AMF1, confirming that the legendary Aston Martin brand and its British racing green colours will compete in Formula One for decades to come."
His words reflect a blend of confidence and continuity, assuring fans and stakeholders alike that the team's identity and ambitions remain intact.
Keep up to date with all the F1 news via X and Facebook
The post Aston Martin F1 reassures fans amid AML stake sale appeared first on F1i.com.
