{"id":302616,"date":"2023-12-16T23:39:02","date_gmt":"2023-12-16T23:39:02","guid":{"rendered":"https:\/\/sportstons.com\/?p=302616"},"modified":"2023-12-16T23:39:02","modified_gmt":"2023-12-16T23:39:02","slug":"lawrence-stroll-responds-to-speculation-he-could-sell-aston-martin-f1-team","status":"publish","type":"post","link":"https:\/\/sportstons.com\/racing\/f1\/lawrence-stroll-responds-to-speculation-he-could-sell-aston-martin-f1-team\/","title":{"rendered":"Lawrence Stroll responds to speculation he could sell Aston Martin F1 team"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/73\/590x\/secondary\/5119429.jpg?r=1702769133576\"><\/p>\n<p>Aston Martin F1 owner Lawrence Stroll responded to speculation over the team\u2019s 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 &#8211; and he will be around for the foreseeable future.\u00a0<\/p>\n<p>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.<\/p>\n<p>Under the 64-year-old\u2019s 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.\u00a0<\/p>\n<p>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\u2019s Craig Slater recently suggested he could see why owners like Stroll and Toto Wolff &#8211; who owns a third of Mercedes F1 &#8211; could cash in on their stakes amid a surge in team values.\u00a0<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/73\/590x\/secondary\/5119430.jpg?r=1702769133621\"><\/p>\n<p>However, Stroll vehemently denied the speculation. In an interview with The New York Times, Stroll said: \u201cYou don\u2019t go spending hundreds of millions of pounds, building the greatest new Formula 1 campus and hiring 400 of the greatest employees if you\u2019re about to leave the business.<\/p>\n<p>\u201cIt 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\u2019m not going anywhere.\u00a0<\/p>\n<p>\u201cI plan to run these businesses for many years. I\u2019m at the beginning of the journey on both.\u201d<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/73\/590x\/secondary\/5119431.jpg?r=1702769133663\"><\/p>\n<ul>\n<li> <svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/g> <defs> <clipPath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"\/> <\/clipPath> <\/defs> <\/svg> Support fearless journalism<\/li>\n<li> <svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/g> <defs> <clipPath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"\/> <\/clipPath> <\/defs> <\/svg> Read The Daily Express online, advert free<\/li>\n<li> <svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/g> <defs> <clipPath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"\/> <\/clipPath> <\/defs> <\/svg> Get super-fast page loading<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/logo\/logo-premium-subscription.png\"><\/p>\n<p>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\u2019 Championship.\u00a0<\/p>\n<p>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\u2019s current rise to F1 dominance, acting as their power unit and assisting in the Milton Keynes-based team\u2019s launch of Red Bull Powertrains.<\/p>\n<p>Source: <a href=\"https:\/\/www.express.co.uk\/sport\/f1-autosport\/1846453\/Lawrence-Stroll-Aston-Martin-F1-Formula-1\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aston Martin F1 owner Lawrence Stroll responded to speculation over the team\u2019s potential sale by reaffirming his commitment to delivering <span class=\"more-text\">&hellip;<\/span><\/p>\n","protected":false},"author":2,"featured_media":302615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lawrence Stroll responds to speculation he could sell Aston Martin F1 team - 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