EL MASTERPLAN: Alonso podium 'adds £300m' to Aston Martin value
EL MASTERPLAN: Alonso podium 'adds £300m' to Aston Martin value
Whatever Aston Martin gave Fernando Alonso to join them, he repaid it on Sunday in Bahrain. And then again on Monday...
The 41-year-old Spaniard produced a trademark brilliant drive to claim an unforgettable podium in the first race of the 2023 season.
Not only did it mark down the AMR23 as the second best car on the grid for now – ahead of mighty Ferrari and Mercedes. It also had an unexpected financial spinoff on Monday.
READ MORE: 'Gladiator' Alonso rolls back the years with Bahrain overtaking brilliance
Aston Martin shares surge after Alonso podium
By late Monday afternoon UK time the share price of Aston Martin Lagonda Global Holdings PLC had risen around 15 per cent on the FTSE250, from an opening 240GBX to 276.10.
Astonishingly, the rise - on the back of Alonso's terrific showing in Bahrain - added around £300million to the company's market cap.
Reports last summer suggested that Aston Martin parted with around £16million per year to snatch the two-time world champion away from under the noses of his current team Alpine. Right now, it appears to have been money very well spent.
Alonso had looked strong in pre-season testing, and also topped the FP2 and FP3 timesheets in Bahrain before qualifying fifth on the grid for Sunday's race.
He rolled back the years to then surge into the top three in the closing stages, passing fellow Spaniard Carlos Sainz of Ferrari for the final podium spot.
READ MORE: Alonso: Stroll 'my hero' after courageous injury-defying points
Related
Change your timezone:
Latest News
F1 champion reveals 'painful' contract clause that cost him HUNDREDS OF THOUSANDS
- 42 minutes ago
F1 legend's ICONIC car put up for sale in UK
- 1 hour ago
Incredible statistic puts Verstappen AHEAD of Hamilton record
- 2 hours ago
Fierce rival calls Hamilton F1's GOAT in surprise admission
- 3 hours ago
Mercedes star tipped to replace struggling driver THIS season
- Today 11:57
- 1
F1 legend issues DAMNING verdict on proposed rule change
- Today 10:57
Related news
Driver suggests Newey tempted by 'enticing' offer from F1 rivals
Alonso hints at another EXTENSION to F1 career
Stroll's F1 exit dilemma RIDICULED by former driver
Alonso in U-turn revelation on Aston Martin deal
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