MX23RW : Monday, October 14 08:15:25| >> :600:2935582:2935582:

Aston Martin to sell quarter stake in F1 team, valuation hits $2.6bn

Aston Martin to sell quarter stake in F1 team, valuation hits $2.6bn
© Reuters
Aston Martin is poised to capitalise on its growing success in Formula 1 by selling up to 25 percent of the team.

Aston Martin is poised to capitalise on its growing success in Formula 1 by selling up to 25 percent of the team.

On Tuesday, F1 journalists will gather at Aston Martin's expanding Silverstone headquarters, where it's anticipated they will receive confirmation that Adrian Newey has signed on for the 2025 season and beyond.

This announcement is likely to coincide with the introduction of new part-owners, US-based investment groups HPS Investment Partners and Accel.

According to Sky News, citing sources, the two firms are "on the verge of investing hundreds of millions of pounds into the team's holding company."

The report indicates that following Lawrence Stroll's sale of a minority stake to Arctos Partners last year, these new deals will value Aston Martin's F1 team at an impressive $2.62 billion.

Additionally, London's Times and Auto Motor und Sport suggest that Newey is expected to be granted shares in the team as part of a lucrative five-year deal worth $30 million annually.

ID:552524:1false2false3false:QQ:: from db desktop :LenBod:collect1291:

Click here for more stories about Adrian Newey

Collect / Create New Data
Share this article now:
Red Bull chief Adrian Newey on May 4, 2024
Read Next:
F1 world awaits Aston Martin's major announcement
>
rhs 2.0


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!