Lawrence Stroll, owner of the Aston Martin Formula 1 team and father of driver Lance Stroll, sold part of his shares in the team to Arctos Partners but has no intention of leaving the team or selling it, despite rumors to the contrary.
‣ Lawrence Stroll, owner of the Aston Martin Formula 1 team, recently sold part of his shares in the racing team to Arctos Partners.
‣ Despite rumors, Stroll has confirmed that he has no intention of leaving Aston Martin.
‣ Stroll has dismissed rumors of selling Aston Martin and has expressed his commitment to the team and the road car company.
‣ He has emphasized his long-term plans to run these businesses for many years.
Lawrence Stroll, a name synonymous with Formula 1, recently sold some of his shares in the Aston Martin Formula 1 team. The lucky buyer? Arctos Partners.
Despite the whispers and rumors that followed this sale, Stroll isn’t planning an exit. He made it clear to the New York Times that he’s not leaving Aston Martin anytime soon.
You may have heard the rumors too. Some folks were saying Stroll was selling off Aston Martin. Others even claimed he’d already done it. The gossip mill suggested he’d lost the drive to back his son’s career.
But hold on a minute.
Does Stroll really want to sell Aston Martin F1?
He’s heard the rumors. And he’s not impressed. In fact, he’s tossing them straight into the trash. His words? “You don’t go spending hundreds of millions of pounds, building the greatest new Formula 1 campus and hiring 400 of the greatest employees if you’re about to leave the business.”
He couldn’t be clearer. He’s not interested in giving up his majority stake in the team. Not now, not ever. And it’s the same story with the road car company.
Stroll’s not going anywhere. He’s in it for the long haul. He plans to run these businesses for many, many years.