Aston Martin’s Formula 1 team has secured a significant investment as Arctos Partners, a multi-billion dollar private investment firm, acquires a minority stake in AMR Holdings GP Limited, a move set to bolster the team’s future endeavors.
The Silverstone-based team, without disclosing the specific share percentage or financial details, confirmed the sale of a minority shareholding within AMR Holdings GP Limited, excluding Aston Martin Lagonda, aiming to finalize the deal before the year concludes. Follow your favourite F1 team with attractive F1 betting odds from Nextbet.
Reports indicate that the investment would value the F1 team at an estimated £1 billion, marking the first instance of Aston Martin welcoming new investors since its inception in 2018 under the leadership of Lawrence Stroll, who spearheaded the acquisition of the former Force India outfit, rebranding it as Racing Point.
Lawrence Stroll, the executive chairman, expressed delight in Arctos Partners joining as a new partner and minority shareholder, emphasizing their deep industry knowledge and profound interest in Aston Martin’s F1 journey.
“We are investing in infrastructure, people, and processes, and this is the perfect time to add strength in depth with the operational expertise and strategic experience of Arctos. Together, we will continue to drive this team forward and build an even brighter and successful future,” stated Stroll.
Despite the recent performance challenges encountered during the 2023 season, Aston Martin has enjoyed substantial success, securing eight podium finishes and a noteworthy points haul. The investment from Arctos Partners aims to fortify the team’s position and aspirations in the ultra-competitive Formula 1 arena.
Arctos Partners, renowned for its presence across various sporting ventures, boasts a robust portfolio encompassing MLB, the NBA, MLS, NHL, and European football, reflecting their profound influence within the sports industry.
Representatives for Arctos Partners refrained from divulging specifics regarding the financial agreement or the extent of the team’s ownership transferred, marking an intriguing yet undisclosed development in this strategic partnership. Get the latest updates from the world of F1 only on Nextbet Sports.