Aston Martin to Sell Stake, Hire Adrian Newey
Aston Martin to Sell Stake, Hire Adrian Newey
Aston Martin to Sell Stake, Hire Adrian Newey
News summary

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.

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