Lawrence Stroll nears £200 million Aston Martin deal
Lawrence Stroll and Aston Martin are believed to be closing in on a deal for a major stake in the brand.
'Bloomberg' are reporting that Stroll - who has amassed a fortune in excess of £2billion - is in 'advanced discussions with Aston Martin. Should any such deal be completed, it is thought that Stroll would rebrand his Racing Point Formula One team as a factory Aston Martin outfit.
Before joining Red Bull as a title sponsor, Aston martin had been considering entering the championship as a manufacturer. The 2021 regulation changes coupled with the existing infrastructure of Racing Point would save a considerable amount of money when compared to starting a team from the ground and would be an extremely attractive proposition.
In answer to the report of a deal being close, Aston Martin confirmed that a meeting had taken place but would not confirm the nature of the talks.
“We remain in discussion with potential strategic investors in relation to building longer term relationships which may or may not involve an equity investment,” Aston Martin said in a statement.
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.
We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.