Stroll Rejects Aston Martin Sale Rumors 'Could Not Be Further From Truth'
F1Sunday, 17 December 2023 at 19:00
Aston Martin F1 team owner Lawrence Stroll dismissed all the rumors suggesting his team was up for sale recently.
The Canadian Billionaire, part-owner, and Executive Chairman of Aston Martin and the owner of the Aston Martin F1 team, Lawrence Stroll, sold a minority stake in the Aston Martin F1 team to US private equity firm Arctos Partners not too long ago.
His move led to speculation in the media suggesting the Canadian might be planning to sell his whole stake in Aston Martin and leave the team.
Multiple rumors suggested there were multiple interested buyers, mainly Saudi sovereign wealth fund with the oil giant Aramco - with which the team actually extended collaboration a few days ago.
However, the 64-year-old recently rejected all the rumors as he explained he did not buy the team and invest millions into it only to sell it a few years later. He told told The New York Times:
"You don’t go spending hundreds of millions of pounds, building the greatest new Formula 1 campus and hiring 400 of the greatest employees if you’re about to leave the business."
The Canadian has his son, Lance Stroll, competing for the team, but his performances were not up to the high standard set by his teammate Fernando Alonso.
Multiple F1 fans accused the Aston Martin team owner of being in the sport only to make his son win the Championship, so when Lance wasn't doing so great, even more speculations about his retirement and his father's potential exit started surfacing. Stroll continued:
"It could not be any further from the truth that I have any interest in ever not being the majority shareholder of this team for a very long time, and it is the same with the road car company."
Aston Martin F1 team made multiple important strategic decisions, like teaming up with Honda in 2026, which put the team on a great trajectory to compete for the Championship again. The 64-year-old added:
"I’m not going anywhere. I plan to run these businesses for many years. I’m at the beginning of the journey on both."
POPULAR NEWS
Hamilton Shouldn't Be Told He Cannot Win Says Coulthard
Norris Says He Respects Verstappen 'For Now': 'Ask Me Again At The End Of Year'
Sainz Still Cannot Understand 'Certain Choices' That People Have Made
Sainz Jokes About Big Incident From 2023 Las Vegas Grand Prix
Verstappen Not Greatest Of All Time, But Can Match 'Schumacher's Titles'
