New York Jets owner Woody Johnson has acquired a minority stake in Aston Martin that sees him take on the role of Vice Chairman on the team\u2019s Board of Directors with immediate effect.<\/p>\n
The American billionaire, who was formerly the US Ambassador to the United Kingdom, has years of experience in the sports industry \u2013 he purchased NFL team the New York Jets in 2000 and holds a 43% stake in Premier League side Crystal Palace.<\/p>\n
His pre-existing business interests could offer valuable global opportunities for Aston Martin<\/a>, who announced Johnson\u2019s involvement ahead of the Dutch Grand Prix<\/a>. Additionally, they confirmed that he will not undertake any day-to-day management duties \u2013 they will remain with Executive Chairman Lawrence Stroll.<\/p>\n The team are currently 10th in the constructors\u2019 standings<\/a> but have ambitions of improving further up the order, helped by recent upgrades introduced at the Hungaroring<\/a>. An updated power unit<\/a> will also debut this weekend, which Aston Martin and partner Honda are optimistic will improve their performance further.<\/p>\n Stroll said: “I am extremely happy to welcome Woody to the Aston Martin family. His experience, passion and investment further strengthen our position as we enter the next phase of our competitive journey.<\/p>\n “His 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<\/p>\n Commenting on his appointment, Johnson added: “During my time as US Ambassador to the United Kingdom, I have developed a deep appreciation for Aston Martin’s rich history, as well as Stroll\u2019s strategic vision and entrepreneurial spirit.<\/p>\n “I am excited to partner with him and contribute to the continued development of the team, with the ambition of building an organisation capable of competing at the very highest level of the sport.<\/p>\n “We also share a commitment to growing the fanbase in the United States and introducing even more fans to the excitement of Formula 1.”<\/p>\n","protected":false},"excerpt":{"rendered":"New York Jets owner Woody Johnson has acquired a minority stake in Aston Martin that sees him take…\n","protected":false},"author":2,"featured_media":590811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[85,46,105],"class_list":["post-590810","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-il","tag-israel","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/590810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=590810"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/590810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/590811"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=590810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=590810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=590810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}