Lawrence Stroll, owner of Aston Martin, has decided to put part of the Formula 1 team up for sale. With this operation, the Canadian magnate wants to ensure the future and viability of the team, as the money obtained will go towards the development of the team itself in order to achieve its objectives.
A package of 74 million pounds
Lawrence Stroll has decided to put part of the Aston Martin Formula 1 team up for sale, a decision that has been surprisingly unexpected, but which has a single objective, to be able to meet the expenses of the factory and development so that the F1 project can get off the ground as soon as possible.
Stroll is going to increase the company’s shares by 33%, and in this way, they will be able to obtain more capital for the development of the team. Contrary to what this sale makes it seem, Aston Martin continues to increase its market value day by day, and many companies and investors are interested in being able to become part of Aston Martin.
Lawrence Stroll has declared the health of Aston Martin and its ambition for the future. “We will be around for decades.” “The place is safer than ever.”
The owner of the team claims that Aston Martin is now worth up to 2.4 billion euros and says that this value will increase as the objectives set are achieved.
How it affects the sport
This sale does not affect the roadmap in terms of the sport, but it does affect planning, as with this financial injection, Aston Martin will have more financial resources to continue evolving. Lawrence Stroll’s goal is for Aston Martin to be the next team to dominate Formula 1, and to date, he has spared no expense to achieve it. In recent years, he has invested in a new factory, new staff and new technology, culminating the first reform with the arrival of Adrian Newey and the wind tunnel itself.
Aston Martin has set targets to be met from next year, 2026, when the new F1 regulations come into play and, a priori, all the teams start from scratch in the fight to win the world championship. The top teams are expected to be up there, such as McLaren, Ferrari, Red Bull and Mercedes, but everyone agrees that Aston Martin will be in the fight.
How it affects Fernando Alonso
Fernando Alonso can rest assured for the moment. The sale of a part of Aston Martin does not affect his future in the team. What does affect Fernando Alonso is his sporting performance. The start of the year has been below expectations for the Asturian driver, but there is full confidence that this will start to change at the Japanese Grand Prix this weekend. His future in the team, therefore, will depend on his performance with the car.
But we must bear in mind Stroll’s investment to make the team a champion, as one of the names that is being mentioned for Aston Martin is the four-time world champion, Max Verstappen. There has already been contact and he could have a steering wheel with the team in the coming years.
The sale of a part of Aston Martin is not a negative thing, on the contrary, it is an injection of capital for the team to continue developing in the direction set out in order to achieve Stroll’s objectives, and for the moment, Fernando Alonso is part of the project that he hopes will take him back to the top of Formula 1.