The British car brand, Aston Martin, will return to Formula 1 as an official team in 2021.
On Monday March 30th, Aston Martin Lagonda shareholders approved a fundraiser of £ 536 million. This fundraising was largely supported by a group of investors headed by Lawrence Stroll, the Yew Tree Consortium, for an amount of £ 260 million.
With this investment, Lawrence Stroll will be nominated as executive president of Aston Martin.
There is already talk of the inevitable return to the pinnacle of motorsport. As we all know, this sport requires a good definition in the details, in the design and above all in the engineering, something which a team of Gaydon will take care of in part.
All the new details will be gradually integrated into future cars, especially those that will have a central engine. This work will begin with the formation of an engineering and development squad that will take the team and the future construction of the cars to a higher level.
The temporary suspension of the F1 championship caused by COVID-19 has slowed down the trials. Some teams in the UK are involved in the PitLane Project for the protection of their staff by creating new ventilators with higher power.
In an interview, Lawrence Stroll expressed his opinion on the car manufacturer's investment process.
“The process of investing in this wonderful car brand has required all of my attention and energy for a number of months. There were certainly some sleepless nights. At the same time, it has been one of the most exciting deals in which I’ve ever been involved. Cars are my passion, a huge part of my life, and Aston Martin has always had a special place in my heart. To stand here today and announce that the agreement is finalised is a huge privilege and one of the proudest moments of my career. With all the paperwork completed, I can focus my attention on implementing the strategy to make this fantastic brand even more successful in the years ahead.”
As previously announced, the F1 Racing Point team will change its name to Aston Martin, leading the brand to success.
“A brand with the pedigree and history of Aston Martin needs to be competing at the highest level of motorsport. I think it’s the most exciting thing that’s happened in recent memory in Formula 1 and it’s incredibly exciting for all stakeholders in the sport, especially the fans. I can’t think of a better name for a Formula 1 team. Our investment strategy places Formula 1 as a central pillar of the global marketing strategy, and it makes perfect sense to rebrand Racing Point for this purpose. Aston Martin has been competing very successfully in various classes of motorsport throughout its history, but we now have an opportunity to create a works team in Formula 1.” he said.
Asking about the changes that might concern Silverstone for the next 12 months, Stroll stated:
“The group of men and women at Silverstone are true racers and their determination and spirit is one of the main reasons I invested in the Formula 1 team. After 30 years, they deserve this opportunity to represent this legendary brand. We are continuing to invest in the team to give everybody the resources required and we will see the benefit of those efforts this year as Racing Point. With the Aston name comes more pressure and expectation. We will need to be competitive from the outset. But I have no doubt the team at Silverstone will rise to the challenge and do the Aston Martin name proud.”
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