Newey poised for Aston Martin 'OWNERSHIP' in multi-million deal

Adrian Newey is set to become a shareholder in Aston Martin as part of a multi-million dollar deal to join the team as he departs from Red Bull.

The future of the design legend has been much discussed over the past few months, with Newey connected to just about every team on the grid.

READ MORE: Kelly Piquet reunited with F1 champion Verstappen

Newey, who has contributed to 13 drivers’ championships and 12 constructors’ titles with Williams, McLaren, and Red Bull since 1991, announced his departure from Red Bull earlier this year.

Although still with the team until the end of the season, his current role involves reduced day-to-day involvement.

Known for his old-school design methods, often sketching concepts with pencil and paper, Newey’s reported move signals a seismic shift in F1’s engineering landscape.

Aston Martin’s executive chairman Lawrence Stroll has been relentless in his pursuit of Newey, believing the designer can transform the team into championship contenders.

Is Newey heading to Aston Martin?

Aston Martin have reportedly won the battle for Newey's services, beating out interest from Ferrari.

Newey was given a tour of Aston Martin’s state-of-the-art Silverstone facility in June, where he was apparently convinced by their long-term vision.

Lewis Hamilton, who is set to join Ferrari in 2025, had expressed a desire to collaborate with Newey, but Ferrari’s interest in the renowned designer cooled, paving the way for Aston Martin to carve a deal.

Now, The Times are reporting that amid a bumper multi-million dollar deal, Newey will be given shares in the ownership of the Silverstone-based team.

Newey’s contract is expected to be finalised this week, with a formal introduction to the media scheduled before the Azerbaijan Grand Prix in Baku.

Due to contractual obligations, Newey cannot officially announce his move until later this week, and he will serve a period of gardening leave meaning he cannot leave Red Bull until the beginning part of 2025.

Aston Martin are currently gearing up for Formula 1’s regulatory overhaul in 2026, a change that could shake up the competitive order.

READ MORE: Concerning reports emerge ahead of F1's Las Vegas Grand Prix

Related

Latest F1 News

F1 team confirm driver SWAP for Mexico GP

• October 9, 2024 20:00

Max Verstappen

F1 boss hints at SHOCK Verstappen team switch

• September 16, 2024 20:00