F1 News: Aston Martin sells remaining stake in F1 team, out of F1

Aston Martin Lagonda, a majority owned by Lawrence Stroll’s Yew Tree consortium, has inked a deal to sell its 4.6% stake in the Aston Martin Aramco Formula One Team for $146 million!

That values the Silverstone-based team at a staggering $3.2 billion—a hefty sum for a squad that gets its lunch eaten week-in-and-week-out.

The deal, formalized through a binding letter of intent with an undisclosed buyer, marks a significant cash injection for Aston Martin Lagonda at a time when the company desperately needs one.

With USA Tariffs in effect, the company’s car sales to the USA, its biggest market, are taking a big hit.

Second-quarter revenue tanked 34%, hit hard by sluggish demand for supercars like the Valkyrie and the upcoming Valhalla.

Originally projected to fetch around $100 million, the final price tag came in roughly 50% higher – a testament to Formula 1’s surging global appeal and perhaps a silver lining for the struggling automaker.

What’s crucial to note is that Aston Martin Lagonda never owned more than a sliver of the F1 operation. The majority control rests firmly in the hands of billionaire Lawrence Stroll and his Yew Tree Consortium, which also holds a 33% stake in the carmaker itself.

Despite the sale, the F1 outfit will continue to operate under the Aston Martin name, thanks to existing licensing and branding agreements.