Aston Martin F1 buys team naming rights in £50m cash deal Sport Business British car manufacturer Aston Martin has announced a £50m cash sale of its Formula 1 naming rights to AMR GP. The deal will enable the eponymous Formula 1 team, owned by Canadian Lawrence Stroll, to have the “exclusive right to use the iconic automotive company’s name, logo and branding in perpetuity”. Formerly Racing Point UK, [...]
Aston Martin: Why going private could be the right road for luxury carmaker Retail Luxury carmaker Aston Martin could delist from the London Stock Exchange and return to private ownership as a way to boost its balance sheet, according to an analyst. Experts at Third Bridge have said the move could have a number of benefits for the Warwickshire-headquartered brand including “improve agility, attract long-term partners, and reduce the [...]
Aston Martin: PIF and Geely billionaire’s shares shift after investment Investing The proportion of shares Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li’s hold in luxury car brand Aston Martin has changed following a major shares issue. In March Yew Tree Consortium, which is led by chairman Lawrence Stroll, placed 75 million additional shares in the London-listed business. As a result, both the value of the [...]
Aston Martin: F1 team stake up for sale as Stroll set to boost holding March 31, 2025 Aston Martin is at risk of a takeover from Canadian billionaire Lawrence Stroll as he looks increase his stake in the car manufacturer by £52.5m. Stroll’s Yew Tree Consortium is attempting to acquire 75m shares in Aston Martin at a seven per cent premium, bringing his ownership of the car manufacturer to 33 per cent. [...]
Will Aston Martin ever make it out of the slow lane? September 30, 2024 Aston Martin on Monday issued a profit warning, downgrading guidance for the year ahead and slashing its car production target by around 1,000.
Adrian Newey, £30m deal at Aston Martin F1 and why he’s worth it September 9, 2024 With Aston Martin set to announce Adrian Newey’s arrival at the Formula 1 outfit, City A.M. asked paddock insiders whether he was worth his reported £30m package. When you think of glitz, glamour and extortionate amounts of cash in sport Formula 1 is never too far away. The travelling circus is a commercial juggernaut worth [...]
Aston Martin F1 set to sell large minority stake to US firm and Silicon Valley giant September 8, 2024 A deal to sell a large minority stake in Aston Martin could be announced soon in a move that could value the Formula 1 team at over £1.5bn. First reported by Mark Kleinman for Sky News, the deal is set to see Accel and HPS Investment Partners acquire between 20 and 25 per cent of [...]
Aston Martin in talks with bankers over debt pile as repayment deadlines loom February 13, 2024 Aston Martin is in talks with bankers over how to handle its £1.1bn debt pile, the marque's executive chairman Lawrence Stroll has said.