Adrian Newey and Aston Martin controversy: paid in "stock packages" to bypass F1 budget cap?
09/07/2024 04:11 AM
Adrian Newey has chosen Aston Martin for his future in F1 and will not be joining Scuderia Ferrari but there’s a catch regarding the budget cap. The Silverstone-based team is now known for its lavish spending, driven by the iron will of boss Lawrence Stroll. The Canadian billionaire wants to win and, after several seasons in the sport, he wants to do so immediately. 2026 is circled on the calendars at the team’s brand-new campus: it’s all or nothing.
In the Formula 1 dictionary, under the word “determination,” you'll find the experienced and confident face of Lawrence Stroll. He entered the sport as yet another super-rich figure with dubious ambitions but has, over time, earned the respect of insiders. Those who know him describe him as a true motorsport enthusiast with a burning dream: winning the World Championship.
To achieve this, the Canadian billionaire is sparing no expense. The new Aston Martin factory is a true playground for engineers, equipped with all the tools necessary to build winning cars. However, infrastructure alone is not enough without someone to make use of it, and Lawrence Stroll knows this well: in just a few weeks, there was first the announcement of Enrico Cardile, and now Adrian Newey’s announcement is eagerly awaited.
Aston Martin, budget cap, and Adrian Newey
The question naturally arises: with a technical team of about 400 employees and many high-profile names involved, how does Silverstone stay within the budget cap? This was questioned by *Auto Motor und Sport*, which analyzed Aston Martin’s personnel: from Dan Fallows to Eric Blandin, Luca Furbatto to Andy Cowell, and now the arrivals of Enrico Cardile and Adrian Newey.
A team of true superstars who, of course, command high salaries. Even by cutting the three highest new salaries, as per regulations, another three from last season automatically count towards the cap. If these names aren't excluded from the team, it's fair to wonder how Aston Martin stays within the $160 million spending limit.
The solution, according to AMuS, could come from stock packages: splitting the salaries of the highest-paid employees between cash and shares should, at least under current budget cap rules, solve the issue. This practice is already common in the industry and something Lawrence Stroll could introduce as standard in Formula 1. For now, it's just speculation, but the questions remain.
Source: f1ingenerale
The post Adrian Newey and Aston Martin controversy: paid in “stock packages” to bypass F1 budget cap? appeared first on Scuderia Fans.
