Newey Reveals Reasons For His Choice As He Signs Contract With Aston Martin

F1
Tuesday, 10 September 2024 at 15:03
Updated at Wednesday, 11 September 2024 at 09:53
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F1's most successful car designer, Adrian Newey, has officially announced his contract with Aston Martin, and he has named reasons for his choice.

When Adrian Newey announced at the start of the season that he would be leaving Red Bull Racing, almost all F1 teams immediately expressed interest in the legendary car designer.

For a while, it seemed his primary choice would be Ferrari, but the 65-year-old ultimately decided to join Aston Martin and his new contract with the team was announced today- September 10th, 2024.

Newey's new role will be Managing Technical Partner, and he has become a shareholder in Aston Martin. Sky Sports's Crag Slater said the car designer will receive a salary of north of £20 million per year (around $26 million); other sources like BBC state £30m a year (almost $40 million), including all bonuses.

BBC also claims Adrian Newey signed a five-year contract, which means he should stay with Aston Martin at least until 2030 - when he'll be 70 years old.

Adrian Newey posing for a picture next to a copy of Aston Martin's 2024 F1 car in a factory at Silverstone on the day of the announcement.
Adrian Newey at Aston Martin's factory in Silverstone

Adrian Newey's reaction and reasons for signing with Aston Martin:

As mentioned before, the legendary car designer had plenty of options, but in the end, he decided to sign with Aston Martin. Why? Here is what he said during a press conference at Silverstone on the day of the announcement:

Towards the end of April, I decided I needed to do something different. Spent a lot of time with Mandy, my wife, kind of discussing, 'Okay, what's next? What do we do? Do we kind of go off and sail around the world? Do I do something different, America's Cup or whatever?'
So we took a bit of time out, and I felt I've been lucky enough to have achieved what I aspired to from the age of 10 or 12, which is simply to be a designer, I don't even use the word engineer, in motor racing.
And I can honestly say, everything else has been a bonus, having sort of achieved that straight out of uni.
I never, of course, expected anything like what I've been lucky enough to be involved with, but you have to be honest with yourself, you have to keep yourself fresh. And so I felt I needed a new challenge. So took a bit of time off.

How Newey got into conversation with Lawrence Stroll:

Funny enough, Adrian Newey revealed a gym at one of the Grand Prix races in the Middle East was the place where he would bump into the owner of the Aston Martin F1 team, and naturally, they started talking.

It wasn't here that an agreement about the future collaboration took place. Lawrence Stroll clarified that he started really trying to get Newey onboard only after the announcement about leaving Red Bull Racing.

Lawrence and I have known each other off and on over the years. We often bump into each other in the gym, particularly at the Middle East and Far East races.
So, as I kind of said, when I announced to everybody that I would be departing the old team, I was very flattered to have a lot of approaches from various teams.
But really, Lawrence's passion and commitment and enthusiasm is very endearing. It's very persuasive. The reality is, if you go back 20 years, then what we now call team principals are actually the owners of the teams, Frank Williams, Ron Dennis, Eddie Jordan, etc, etc.
In this modern era, Lawrence is actually unique in being the only properly active team owner. And I think that does bring a different feeling when you have somebody like Lawrence involved, like that.
It's back to the old school model and to have the chance to be a shareholder and a partner, is something that has never been offered to me before. So it's a slightly different slant. It's one I'm very much looking forward to. It became a very natural choice.

Newey will officially start working for Aston Martin in March 2025. Until then, he said he might take some more time off with his wife to be fully relaxed before enrolling in his new role.