Aston Martin F1 Team Sale Nears $3.3B Valuation

Aston Martin Lagonda Global Holdings Plc is selling a minority stake in its Formula One team for approximately $146 million, valuing the team at about $3.2 billion (£2.4 billion). CEO Adrian Hallmark confirmed a binding letter of intent has been signed, though the buyer remains undisclosed and the deal is not yet finalized. This valuation marks a significant increase from previous investments, reflecting strong investor demand fueled by Formula One's surging global popularity, especially in the U.S. driven by Netflix's "Drive to Survive" series. Despite currently ranking eighth in the standings, Aston Martin's team is viewed as a promising investment due to strategic hires and anticipation of the 2026 power unit regulations. Billionaire Lawrence Stroll, who owns the team and the carmaker, has emphasized Aston Martin's long-term commitment to Formula One amid this financial growth and restructuring.