Aston Martin Lagonda to sell stake in F1 team, remain title sponsor

Aston Martin Lagonda (AML) will sell its stake in the Aston Martin Formula 1 team but remain title sponsor, as part of an equity raise aimed at generating over $160 million. The car company chaired by F1 team owner Lawrence Stroll announced it would cut 5% of its workforce in February due to market conditions. Trump administration tariffs on imported vehicles have now also had an impact and led to Stroll committing to increasing his shareholding to 33%, raising nearly $70m, while the sale of AML’s minority stake in the F1 team is expected to generate over $95m. The F1 outfit says the news “underscores our Executive Chairman Lawrence Stroll’s long-term and unwavering commitment to both Aston Martin and the current Formula 1 team,” while revealing that there is a long-term agreement in place “to ensure the Aston Martin name remains at the pinnacle of motorsport for decades to come.” While the sale of the F1 stake is planned, no buyer has yet been identified, with Stroll engaging the investment bank Raine Group to help find an investor. The team says the intent is to work with “a strategic investor who can add long-term value to the team and the brand” but gives no timeframe for the sale. “These moves demonstrate that Aston Martin’s place on the Formula 1 grid is as secure as ever,” Stroll said. “AML recently re-committed to its long-term sponsorship and licensing agreement with AMF1, confirming that the legendary Aston Martin brand and its British racing green colors will compete in Formula 1 for decades to come.” Aston Martin is currently seventh in the constructors’ championship with 10 points from the opening two races but welcomed design guru Adrian Newey to the team at the start of last month as it prepares for new regulations and to become the Honda works team from 2026 onwards.