Aston Martin boss addresses concerns over F1 team stake sale

Aston Martin team principal Andy Cowell has firmly dismissed any concerns within the team regarding the recent announcement that Aston Martin plans to sell a stake in the Formula 1 team.

“No concern, business as usual and it just shows that Lawrence is hugely committed to Aston Martin road cars and Formula 1 team and that commitment has been in place for many years and we’ll be racing as Aston Martin for a long time to come,” Cowell stated, putting to rest any speculation about potential disruption to the team’s operations.

Aston Martin is ready to sell a stake in its F1 team worth approximately £74m. Lawrence Stroll, part owner of the team, said the following on the sale: 

“I am pleased to clearly demonstrate my unwavering support and commitment to Aston Martin,” he said. “Since 2020, my Yew Tree Consortium partners and I have invested around £600m into the company.

“This proposed investment further underscores my conviction in this extraordinary brand, and commitment to ensuring Aston Martin has the strongest possible platform for creating long-term value while reducing equity dilution via this premium subscription, which should greatly reassure shareholders, as I again increase my long-term ownership in the company.”

The businessman is looking to invest further in the team, increasing his Yew Tree Consortium’s share to 33%.

 “Today’s proposed investment, priced at a premium to the market price, and the forthcoming proposed sale of the Aston Martin F1 team shares owned by Aston Martin at a premium to book value, is expected to generate significant additional liquidity for the Group, of over £125m,” Stroll continued.

“With a long-term sponsorship agreement cementing the existing relationship between Aston Martin and the Aston Martin F1 team, our brand will remain present and competing at the pinnacle of motorsport for many years to come.”

With a long-term contract signed that allows the team to use the Aston Martin name, Stroll promises that the brand will stay in F1 “for decades to come.”

With a state-of-the-art wind tunnel online and Adrian Newey starting last month, the future looks bright for the British Racing Green team after a disappointing 2024 with no podium finishes.