Title Sponsor Reportedly Targeting Aston Martin Takeover With Eyes On Verstappen And Newey

Wednesday, 20 March 2024 at 22:30

According to recent reports, Aramco- Aston Martin's title sponsor would like to equire the team and secure Max Verstappen with Adrian Newey.

Aramco, officially Saudi Arabian Oil Group, is a state-owned national oil company of Saudi Arabia. At the time of this article's publication, It is the second-largest company in the world in terms of revenue and the fourth-largest company in terms of market cap—$2.014 Trillion.

The Saudi Arabian extended their collaboration with Aston Martin when they secured a deal to become the team's title sponsor. They are also the official partner of Formula 1.

The second race of the 2024 season took place in Jeddah- Saudi Arabia, which, according to formu1a.uno, was an "ideal" place to approach some "high-profile figures."

"It is said that the Saudi Arabian Grand Prix was the ideal ground to confidentially approach some very high-profile figures."

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"They analysed the feasibility of making certain moves and gave blank checks for future engagements in due course."

It was already rumored last year that Lawrence Stroll was interested in selling Aston Martin, with Aramco being one of the interested buyers.

However, the team owner declined the rumors back then, saying that what was speculated "could not "could not be any further from the truth."

Nevertheless, formu1a.uno suggests that Aramco is still interested in the potential acquisition of the British team, with plans for further moves already in place.

Apparently, the company would then be very interested in bringing on board two key figures from Red Bull Racing- Max Verstappen and Adrian Newey.

Aston Martin F1 team is currently valued at over £1 billion (over $1.27 billion). However, that wouldn't probably present too big of a problem for a company that reported a net income of $121.3 billion in 2023 and has the support of the state. The report from formu1a.uno added: