Lawrence Stroll responds to speculation he could sell Aston Martin F1 team

Aston Martin F1 owner Lawrence Stroll responded to speculation over the team’s potential sale by reaffirming his commitment to delivering success in 2024 and beyond. Stroll, whose son Lance is installed as a driver, is one of the most outspoken owners on the grid – and he will be around for the foreseeable future. 

Stroll took contol of the team back in 2018 when he purchased the bankrupt unit then known as Force India. He renamed the team Racing Point before investing into and aligning iconic British manufacturer Aston Martin ahead of the 2021 F1 season.

Under the 64-year-old’s stewardship, a new campus was constructed along with a windtunnel and simulator. Stroll has invested significant resources and immensely expanded the workforce as Aston Martin pursue a Formula 1 World Championship. 

Stroll sold a minority stake to private equity firm Arctos Partners, which led to plenty of rumours across the 2023 season that he was set to sell Aston Martin F1. Sky F1’s Craig Slater recently suggested he could see why owners like Stroll and Toto Wolff – who owns a third of Mercedes F1 – could cash in on their stakes amid a surge in team values. 

However, Stroll vehemently denied the speculation. In an interview with The New York Times, Stroll said: “You don’t go spending hundreds of millions of pounds, building the greatest new Formula 1 campus and hiring 400 of the greatest employees if you’re about to leave the business.

“It could not be any further from the truth that I have any interest in ever not being the majority shareholder of this team for a very long time, and it is the same with the road car company. I’m not going anywhere. 

“I plan to run these businesses for many years. I’m at the beginning of the journey on both.”

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When the 2023 F1 season began back in March, Aston Martin flew out the blocks and showcased an impressive upgrade in performance as Fernando Alonso secured six podiums in the first seven races. But the team failed to sustain their impressive form and slipped to a P5 finish in the Constructors’ Championship. 

Aston Martin are set to continue its five-year plan for F1 title success, with a deal secured to switch to Honda power for 2026 when the new regulations are unleashed. Honda played a crucial role in Red Bull’s current rise to F1 dominance, acting as their power unit and assisting in the Milton Keynes-based team’s launch of Red Bull Powertrains.

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