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Lawrence Stroll forced to exceed his recent $2 million investment as takeover threats loom over Aston Martin

Somin Bhattacharjee
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Lawrence Stroll forced to exceed his recent $2 million investment as takeover threats loom over Aston Martin

Lawrence Stroll first came into the limelight in F1 after taking over Force India in 2018 and rebranding it as Racing Point a year later. Since then, he has been featured heavily in the news, with him being one of the most active & team owners in F1.

In 2021, a consortium led by him made big investments in Aston Martin that saw him become a majority shareholder. As a result, he let go of the Racing Point name, by bringing back Aston Martin to the sport, with Sebastian Vettel and his son Lance Stroll as the two drivers.

Stroll’s ambitions are big, as he strives to compete with the top teams in the very near future. However, his efforts have not materialized into strong results out on track. The Silverstone-based outfit has just a solitary podium finish in two years, heading into the 2023 campaign. On top of that, he recently had to make another investment out of his pocket to prevent a team takeover ahead of the new season.

Also read: Christian Horner once had to fight with Ron Dennis to get Adrian Newey to Red Bull

Lawrence Stroll upped his recent $2 million investment in Aston Martin

Stroll and his consortium recently put about $2 million into the company, which increased his stake to 23%. However, the threat of another consortium becoming the majority shareholder of Aston Martin loomed large, which is why the Canadian had to put in more money.

Stroll’s consortium is called Yew Trees Overseas Ltd. and involves the likes of JCB’s Lord Anthony Bamford and billionaires Silas Chou, John McCaw & Ernesto Bertarelli.

Chinese car manufacturer Geely currently has a 7.6% ownership but was planning on putting in more money which would put Stroll’s position at the helm under threat. The 63-year-old was forced to make yet another investment which means he has now put in more than $60 million since the start of 2022. Stroll now owns roughly 30% of Aston Martin’s shares.

“As a group of investors we share a firm belief that Aston Martin is undervalued,” said Stroll as quoted by Autocar UK. “And that, despite the recent supply chain challenges, it is well set to continue its growth trajectory in the ultra-luxury high performance automotive business.”

Also read: The difference in race”: Lewis Hamilton points him being black was the biggest difficulty in his F1 career

About the author

Somin Bhattacharjee

Somin Bhattacharjee

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Formula 1 Editor Somin Bhattacharjee fell for the sport as well as Fernando Alonso on the same day — during the Spaniard’s thrilling victory at the German GP in 2010. Over the years, the passion magnified manyfold, and metamorphosed into a writing career in 2021. Though holding a bachelor's degree in marketing, Somin discovered his true calling in writing. He has penned over 2,700 articles for TheSportsRush, presenting a diverse range — news reports, opinions, and exclusives. A true Tiffosi, Somin never gives up on a chance to defend the Ferrari boys as a fan. As a sports writer though, he remains objective to the core and relishes opportunities to follow and engage in dissecting the action during races. That’s where the real thrill lies for him. Beyond the racetrack, Somin plays different sports including soccer. He enjoys exploring other sporting events and proudly supports Spanish soccer club Real Madrid.

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