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Stroll linked with bid for Aston Martin

NEWS STORY
05/12/2019

Lawrence Stroll, leader of the consortium that bought Force India last year, is said to be looking at taking a major stake in car maker Aston Martin.

The iconic car manufacturer floated in October 2018, just months after Stroll's consortium bought Force India, but with sales failing to reach expectations the share price has dropped dramatically.

Worth 19 at the time of the float, in recent weeks they have slumped to around 5.

Neither, Stroll, Racing Point or Aston Martin is commenting on the speculation, but at least the share price has responded, increasing by 15% to almost 6 within hours of the story breaking.

An early backer of clothing designers Tommy Hilfiger and Michael Kors, Stroll has helped build a number of other companies into global brands including Pierre Cardin, Ralph Lauren and jewellers Asprey & Garrard.

Fellow members of the Racing Point consortium are John McCaw Jr, one of four brothers who made their fortunes through the sale of McCaw Cellular to AT&T for $12.6bn in 1994, along with Silas Chou, Canadian entrepreneur Andre Desmarais, Jonathan Dudman of Monaco Sports and Management, financial expert Michael de Picciotto and John Idol the boss of Michael Kors.

Aston Martin, of course, is title sponsor of the Red Bull F1 team.

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READERS COMMENTS

 

1. Posted by F1nerd, 06/12/2019 9:46

"Lance Stroll would not need to drive for Red Bull as Racing Point would be Aston Martin in one way shape or form. And yes I too would like to see the dark green Saton livery on the grid."

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2. Posted by C5, 05/12/2019 21:39

"Adding on: Though I would miss the Pink Panther BWT livery if that happens. It's a nice looking car."

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3. Posted by C5, 05/12/2019 21:34

"I see two positive things if this is true and a deal comes together:

1: No more routinely forgetting the team is Racing Point (which is a stupid name) and not Force India. Aston Martin is nice and easy to remember.

2: F1 cars painted in a dark green Aston livery on the grid! There's almost no way to mess that up; even when driven by Lance Stroll that is still sub zero cool."

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4. Posted by Kkiirmki, 05/12/2019 16:46

"If Daddy 'buys' Aston Martin, will Lance get a drive with Red Bull then???"

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5. Posted by kenji, 05/12/2019 13:54

"I would not be averse to seeing Red Bull faced with a few problems to take some of the hot air from their sails. The Verstappen's and Red Bull deserve each other. Too full of their own importance. "

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