Aston Martin to Sell Stake, Hire Adrian Newey

Aston Martin F1 team is set to sell a 20-25% stake to HPS Investment Partners and Accel, valuing the team between £1.5bn and £2bn. The team is also poised to announce the signing of legendary F1 designer Adrian Newey, who will join under a five-year contract reportedly worth up to £30m annually. Newey, departing Red Bull after 18 years, will start work in early 2025 and is expected to play a crucial role in Aston Martin's 2026 car design. This move follows an aggressive hiring strategy by team owner Lawrence Stroll, aimed at transforming Aston Martin into a title contender. Despite Ferrari's interest and substantial offer, Newey chose Aston Martin, partly due to the team's state-of-the-art facilities and a lucrative, autonomous role.