Aston Martin's Commitment to F1 Secured for Decades, Announces Owner Lawrence Stroll
Source: news.source.channelnewsasia
Lawrence Stroll, owner of the Aston Martin F1 team, has reaffirmed the brand's long-term commitment to Formula One. This announcement comes alongside the news that Aston Martin is raising over 125 million pounds through funding from Stroll and the sale of its stake in the team. The funds are aimed at ensuring the team's future in the sport, with Stroll expressing confidence in Aston Martin's place on the Formula One grid. The team, which has Aramco as its title sponsor, is also seeking a strategic investor to add long-term value to the team and brand.
Key Points
Lawrence Stroll, owner of Aston Martin, confirmed the brand's long-term commitment to Formula One.
Aston Martin is raising over 125 million pounds through funding from Stroll and the sale of its stake in the F1 team.
The funds are intended to secure Aston Martin's future in Formula One.
Aston Martin has re-committed to its sponsorship and licensing agreement with AMF1.
The team is seeking a strategic investor to add long-term value, with Raine Group assisting in the search.
