<\/p>\n
While Aston Martin\u2019s F1 hasn\u2019t had a great year on the track, it just got a big win off of it.<\/p>\n
The marque\u2019s racing squad has been valued at about $3.3 billion, or \u00a32.4 billion. That figure was revealed alongside a bit of a shakeup for the F1 team: Aston Martin Lagonda Global Holdings Plc\u2014the official title of the carmaker\u2014is selling its minority stake in the team for $146 million (\u00a3110 million), Bloomberg reported<\/a>.<\/p>\n More from Robb Report<\/p>\n As far as who snagged a piece of the F1 giant, Aston Martin\u2019s CEO Adrian Hallmark<\/a> remained tight lipped. The deal is yet to be completed, though a binding letter of intent has been signed, he said, according to Bloomberg.<\/p>\n The sale shouldn\u2019t come as a shock to the F1 community, given that Aston Martin announced it was planning to offload its stake back in April<\/a>. Billionaire Lawrence Stroll<\/a>, who is chairman of the famed marque and also controls its F1 team separately (where his son is one of the team\u2019s two drivers), said at that time that even with a sale, Aston Martin would be a part of the racing league for quite some time.<\/p>\n The current incarnation of the Aston Martin F1 team was established in 2021, when Stroll bought the British marque and renamed the team he\u2019d owned for a few years to that point. Prior to that, the team had been called Racing Point, an outfit Stroll had purchased in 2018 for $117 million.<\/p>\n The team\u2019s high valuation shows how strong a demand<\/a> there is to invest in Formula 1, which saw its popularity explode in the U.S. thanks to Netflix\u2019s Drive to Survive<\/a> series\u2014and surely Brad Pitt and Damson Idris\u2019s<\/a> F1 flick helped out with that, too. And that figure keeps going up: Just last year, a deal that allowed\u00a0HPS Investment Partners\u00a0and\u00a0Accel Partners, two U.S. companies, to invest in the team saw Aston Martin\u2019s F1 valued at about $2.4 billion (\u00a31.8 billion).<\/p>\n The team will hope its fortunes on the track can improve, too. After a solid 2023 where former world champion Fernando Alonso captured multiple podium finishes, 2024 was a down year ,and 2025 has been ever worse, leaving Aston Martin ranked near the bottom of the Constructor\u2019s Standings. However, with the cash influx and the addition of Adrian Newey<\/a>, one of the greatest car designers the sport has ever seen, the team may be on the upswing.<\/p>\n Best of Robb Report<\/p>\n","protected":false},"excerpt":{"rendered":"While Aston Martin\u2019s F1 hasn\u2019t had a great year on the track, it just got a big win…\n","protected":false},"author":2,"featured_media":35755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[585,49,48,578,26681,576,577,4743,82],"class_list":["post-35754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-aston-martin","tag-ca","tag-canada","tag-f1","tag-f1-team","tag-formula-1","tag-formula1","tag-lawrence-stroll","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/35754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=35754"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/35754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/35755"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=35754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=35754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=35754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}