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Lawrence Stroll

Stroll Lining-Up £200m, 20% Stake in Aston Martin

Racing Point owner Lawrence Stroll is one of two bidders left in the running to purchase a stake in Aston Martin, according to a report on Thursday.

Per a report in the Financial Times, the Formula 1 team owner is competing with Chinese carmaker Geely to secure the 20% stake and board seat on offer, valued at 200 million pounds.

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In the event of a successful bid, Stroll would look to explore ways in which he can further the car maker’s presence in F1.

Currently, Aston Martin is the title sponsor of the Red Bull Racing team, as part of which it also has engineers working in their Milton Keynes base on projects like the Valkyrie supercar.

For his part, Stroll has been a serious power-player in the F1 paddock since his son Lance began racing in the sport in 2017. Debuting with Williams as an 18-year-old, the younger Stroll made the move to Racing Point (formerly Force India) when his father purchased the team from Vijay Mallya in August 2018.

Valued at approximately $2.6 billion, the Aston Martin purchase is purported to be only part of a larger strategy for Stroll senior, with rumours circulating he would be first in line to purchase the Mercedes F1 team, should their parent company Daimler decide to exit the sport.