Lawrence Stroll Reportedly Gains More Control of Aston Martin After Stakeholder Shakeup
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SOCHI, RUSSIA – SEPTEMBER 29. Owner of Racing Point Lawrence Stroll and Otmar Szafnauer. Team Principal and Chief Executive Officer of Racing Point talk in the Paddock before the. F1 Grand Prix of Russia at Sochi Autodrom on September 29, 2019 in Sochi, Russia. (Photo by Charles Coates/Getty Images)
Lawrance Stroll invested heavily in Aston Martin last year for a significant stake in the company. He later headed the Rebranding of Racing Point to Aston Martin racing this season. Recent reporters state that the Canadian Billionaire has increased his stake and control over the luxury racing company.
According to the report, Stroll hopes to invest more in Aston Martin’s F1 vertical. The second board shakeup in less than a month allegedly had three members step down and replaced by five backed by Stroll.
“Stroll has increased his control over Aston Martin Lagonda Global Holdings – and by extension, the Aston Martin F1 Team – after Kuwaiti investors shrank their shareholder stake.”
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via Reuters
Formula One F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – December 13, 2020 Racing Point’s Lance Stroll in action during the race Pool via REUTERS/Giuseppe Cacace
“The move gives Stroll greater control over the direction the brand is heading in, with its Formula 1 team expected to play a crucial role in his overall grand strategy to revive the British carmaker,” stated the report.
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Aston Martin Racing’s 2021 season target
Aston Martin is making a comeback to the grid after six-decades. The team missed the P3 finish by seven points as McLaren beat them in the season finale. Otmar Szafnauer has clarified that this season, the team is going in for that P3 finish.
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“It will be the target for us. But I don’t think it will be easy – we’ve got some formidable competitors there. Ferrari, for sure, will work hard over the winter to do better than they did last year.”
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MEXICO CITY, MEXICO – Sebastian Vettel of Germany and Ferrari prepares to drive on the grid before the F1 Grand Prix of Mexico at Autodromo Hermanos Rodriguez in Mexico City, Mexico. (Photo by Dan Istitene/Getty Images)
“McLaren get a new [Mercedes] power train, the same one that we have and I’m sure they did that for reasons of competitiveness,” stated Otmar.
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Sebastian Vettel is joining the green machine this season. The team is excited to have the skill and experience of the four-time world champion. The team will hope that Lance Stroll could claim a few more pole positions this season as well.
Do you believe Vettel will redeem himself and help his team climb the championship position as well?
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