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Racing Point set to become Aston Martin F1 team as Stroll buys into British manufacturer

Lawrence Stroll has paid £182 million for a 16.7% stake in Aston Martin in a bid to revamp the firms future, meaning that Racing Point F1 Team will become the Aston Martin F1 team. The deal that was revealed last month by Autocar, was confirmed this morning with London Stock exchange and includes a £318 million cash infusion through a new rights issue which will give Aston Martin a £500 million gain. In addition, the Racing Point F1 team currently owned by Stroll will be re-branded as the Aston Martin F1 team from 2021 under the terms of the new deal. Stroll was the first to the deal over Chinese car maker Geeley, the owner of Lotus and Volvo, with the deal being agreed at a board...
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