News Details
In The Pitlane: Lawrence Stroll F1's rainmaker
Lawrence Stroll once again proves to be the consummate dealmaker with the announcement last week that Mercedes-AMG was involved in a new £1.3-billion refinancing package for Aston Martin. Lawrence who had previously put together his Yew Tree consortium to purchase Aston Martin knew the company did not have enough cash to survive the next 12 months. With a falling share price, he needed to act fast after the pandemic sent losses north of £227-million in the first half of 2020, as Aston Martin sold only 1,770 cars. Stroll has put together a deal that includes issuing £1.2-billion in new debt and bringing onboard new shareholders Zelon Holdings and Permian Investment Partners with an...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Stroll: Mercedes investment in Aston Martin ‘a...
Mercedes-Benz has announced it will make a major investment in Aston...
5y ago from MotorsportWeek.com
Mercedes-Benz raise Aston Martin stake to up to 20% by...
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin...
5y ago from GrandPrix247.com
In the Pitlane: Haas desperate enough to go with two...
Last week Kevin Magnussen and Romain Grosjean learned their services are...
5y ago from GrandPrix247.com
Ecclestone 'pressured' Lawrence Stroll to sign up...
Former F1 supremo Bernie Ecclestone says he intervened to convince Racing...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer undergoes successful surgery ahead of...
Gresini rider Fermin Aldeguer has undergone successful surgery on a right...
8h ago from MotorsportWeek.c...
Aprilia rules on team orders in MotoGP 2026 title...
Aprilia addresses whether team orders will play a role in the 2026 MotoGP...
9h ago from MotorsportWeek.c...
Gresini: New MotoGP rules won't increase gap between...
No description available...
11h ago from Motorsport.com
Marc Marquez will have to perform his "juggling...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
Barnes: Why IndyCar’s updated licensing system fails...
No description available...
2d ago from Motorsport.com
IndyCar’s IR-28 ‘a very nice car to drive' in...
IndyCar’s next generation car completed another milestone earlier in...
2d ago from MotorsportWeek.c...
Alex Palou to drive Indy NXT machinery in Chris...
No description available...
2d ago from Motorsport.com
Josh Pierson earns IndyCar license approval after...
The NTT IndyCar Series has granted Josh Pierson approval to seek a seat...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC’s new champion Elfyn Evans celebrates title with...
No description available...
15h ago from Motorsport.com
M-Sport’s 2027 WRC Fiesta Kit car breaks cover
No description available...
2d ago from Motorsport.com
Adrien Fourmaux confident of WRC drive despite 2027...
No description available...
3d ago from Motorsport.com
Sebastien Loeb tests new Project Rally One 2027 WRC car
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Leftism- Arsenal's left wing issues present opportunity
I suspect most observers of the Premier League would agree that Arsenal...
1d ago from Arseblog.com
Arsenal risk losing transfer target as Liverpool renew...
Arsenal are reportedly interested in signing Gilberto Mora from Club...
2d ago from CaughtOffside.com
Arsenal latest: Club staff told 60 jobs at risk of...
No description available...
1d ago from SkySports.com
Liverpool and Arsenal suffer transfer setback as...
Liverpool and Arsenal have both been linked with Michael Olise, but their...
1d ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton set for battle to keep Ferrari F1 seat
Lewis Hamilton has a Ferrari fight on his hands... Read More »
10h ago from GPFans.com
Aston Martin alarm bells ring as former Honda chief makes...
A former Honda executive has revealed a theory... Read More »
7h ago from GPFans.com
Max Verstappen suffers brutal qualifying session with...
Mercedes-AMG Team Verstappen Racing will kick off... Read More »
8h ago from GPFans.com
