Sports

Aston Martin F1 Team’s £1 Billion Valuation Caps Racing Hype

Stroll says F1 team has been transformative marketing tool
Carmaker pushing on with turnaround following capital raises

Aston Martin's Lance Stroll during a practice session ahead of the Las Vegas Grand Prix, on Nov. 17.
Photographer: Jim Watson/AFP/Getty Images

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By Jamie Nimmo

November 17, 2023 at 12:42 PM UTC

The sale of a minority stake of Aston Martin’s Formula One team marks another shift in investors attempting to tap into the hype surrounding the sport.

Canadian billionaire Lawrence Stroll has sold a stake to US private equity firm Arctos Partners, which also has stakes in the Boston Red Sox and Liverpool Football Club owner Fenway Sports Group.