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Racing Point F1 team to become Aston Martin in 2021
Racing Point will become the Aston Martin factory Formula 1 team from 2021 after their Canadian billionaire owner Lawrence Stroll bought a stake in the ailing British sportscar maker on Friday. The deal means Aston Martin’s title sponsorship of former world champions Red Bull, who use Honda engines, will end after the current season. Stroll will pay 182 million pounds (216-million euros) for a 16.7% stake in Aston Martin, which could rise to 20%, and joins the board as executive chairman. The 60-year-old Montreal native has been a familiar if publicity-shy presence around Formula One for years, and a paddock regular since his racing driver son Lance made his debut with Williams in 2017....
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4y ago from GrandPrix247.com
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