Racing Point to become Aston Martin in 2021
Racing Point to become Aston Martin in 2021
Racing Point will become the factory Aston Martin Formula One team in 2021 following the successful takeover of the British manufacturer by a consortium led by Lawrence Stroll.
Canadian billionaire and owner of the Racing Point Formula One team, Lawrence Stroll, has completed purchase of 16.7% of Aston Martin Lagonda for £182million as a part of a deal that will see the manufacturer receive a £500m boost.
Away from the road going operations, the 'Issue of Equity' report submitted on Friday morning confirmed that, as of 2021, Racing Point will become the factory Aston Martin F1 effort as of 2021.
The deal sees Aston Martin commit to an initial ten-year term and the manufacturer will receive 'economic interest' from the team.
In a statement reacting to the news, Red Bull said, "Following the Aston Martin Lagonda announcement earlier today, the Team can confirm that the manufacturer will remain title partner until the end of the 2020 season but this contract will not be extended past the end of the current term. Red Bull Racing has agreed to release Aston Martin from its Formula One exclusivity clause which in turn has allowed it to generate the necessary investment required to re-finance and pursue alternative opportunities within the sport.
"Red Bull Advanced Technologies will continue to work with Aston Martin in order to deliver the Valkyrie hypercar, with the first cars scheduled for delivery at the end of the year."
Related
Change your timezone:
Latest News
Newey tipped to POACH key Red Bull staff if he joins F1 rivals
- 27 minutes ago
F1 paddock favourite admits immense DOUBTS over Verstappen Red Bull future
- 1 hour ago
Hamilton F1 rival makes SURPRISE claim about Ferrari move
- 2 hours ago
Schumacher names shock F1 star to replace Hulkenberg at Haas
- 3 hours ago
Hamilton in Arsenal title wish after STUNNING revelation
- Today 15:05
F1 boss 'in early talks' to SELL 25 percent of team
- Today 13:57
Related news
F1 reveals viewing figure drop for European based 2020 season
Stroll laments missed podium opportunities
Showing Vettel "the love" will lift Aston Martin - Szafnauer
Aston Martin facing "fine balance" in debut F1 year - Szafnauer
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
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.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860