Aston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion Valuation

11/17/2023 08:21
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Aston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion Valuation

With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority stake in the Aston Martin team to US private equity firm Arctos Partners.

  • Buyer Arctos has stake in Liverpool FC owner Fenway Sports
  • First time billionaire Stroll has sold shares in the F1 team

The deal comes on the eve of the much-hyped Las Vegas Grand Prix this weekend and shows the growing appeal of F1 in the US.

Photographer: Chris Graythen/Getty Images

With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority stake in the Aston Martin team to US private equity firm Arctos Partners.

The investment by Arctos, which has a stake in the Boston Red Sox and Liverpool Football Club owner Fenway Sports Group, values the F1 team at about £1 billion ($1.2 billion), according to a person familiar with the deal.

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Aston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion Valuation

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