Lawrence Stroll, owner of Aston Martin F1 team

Aston Martin exits F1 ownership in shock sale worth a fortune

13:47, 31 Jul

Updated: 22:09, 31 Aug

byNorberto Mujica

Earlier this year it was reported that legendary car brand Aston Martin Lagonda was looking for a buyer to sell its minority stake in the Aston Martin F1 team. According to reports, said buyer has been found.

In March the news broke, the car manufacturer Aston Martin would be looking to increase its liquidity through selling their holdings in the Aston Martin F1 team, owned by Lawrence Stroll.

The Canadian mogul then increased his investment in the British car brand from 27.67 per cent to 33 per cent through the consortium he chairs Yew Tree Investments.

However, there was still the matter of finding the right buyer, which according to reports by Bloomberg, has indeed now been found in a deal the finance journal reported to be valued at £110 million. A figure which revealed the overall value of the F1 team at £2.4 billion.

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However, this does not signify a break in the ties that bind the British road car company from the F1 team owned by Stroll sr.

The commercial relationship between both the brand and the F1 team are set to continue onward, thus the team will retain the name and the British racing green coloured livery going into the future.

Aston Martin Lagonda CEO Adrian Hallmark, as reported by Bloomberg, nevertheless has stated that the sale of the British brand's minority stake is not yet finalised.