SILVERSTONE, England \u2014 New York Jets owner Woody Johnson has bought a minority stake in\u00a0Formula 1\u00a0team Aston Martin.<\/p>\n
The British racing team didn’t disclose financial terms but said the former U.S. ambassador to the United Kingdom will focus his attention on \u201ccommercial growth, especially in the United States.\u201d<\/p>\n
In addition to his controlling interest in the NFL club, Johnson\u00a0owns a stake in Premier League soccer club Crystal Palace.<\/p>\n
Johnson will join Aston Martin’s board of directors as vice chairman but won’t undertake any day-to-day management duties, the team said.<\/p>\n
Aston Martin executive chairman and controlling shareholder Lawrence Stroll will continue to manage and control the company. He said Johnson’s \u201cexperience, passion and investment further strengthen our position as we enter the next phase of our competitive journey.<\/p>\n
\u201cHis deep appreciation for our brand, combined with his commitment to innovation and commercial opportunity, makes him an ideal partner as we look to the future,\u201d Stroll said.<\/p>\n
Aston Martin’s announcement noted Johnson’s \u201cconsiderable network of influential relationships.\u201d<\/p>\n
Johnson said that during his time as ambassador to the U.K. during President Donald Trump’s first term, he \u201cdeveloped a deep appreciation for Aston Martin\u2019s rich history\u201d and Stroll\u2019s vision.<\/p>\n
\u201cWe also share a commitment to growing the fanbase in the United States and introducing even more fans to the excitement of Formula 1,\u201d Johnson said in the announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"SILVERSTONE, England \u2014 New York Jets owner Woody Johnson has bought a minority stake in\u00a0Formula 1\u00a0team Aston Martin.…\n","protected":false},"author":2,"featured_media":865457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[49,48,578,576,577,82],"class_list":["post-865456","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-ca","tag-canada","tag-f1","tag-formula-1","tag-formula1","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/865456","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=865456"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/865456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/865457"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=865456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=865456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=865456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}