News Details
In The Pitlane: Lawrence Stroll F1's rainmaker
Lawrence Stroll once again proves to be the consummate dealmaker with the announcement last week that Mercedes-AMG was involved in a new £1.3-billion refinancing package for Aston Martin. Lawrence who had previously put together his Yew Tree consortium to purchase Aston Martin knew the company did not have enough cash to survive the next 12 months. With a falling share price, he needed to act fast after the pandemic sent losses north of £227-million in the first half of 2020, as Aston Martin sold only 1,770 cars. Stroll has put together a deal that includes issuing £1.2-billion in new debt and bringing onboard new shareholders Zelon Holdings and Permian Investment Partners with an...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Stroll: Mercedes investment in Aston Martin ‘a...
Mercedes-Benz has announced it will make a major investment in Aston...
4y ago from MotorsportWeek.com
Mercedes-Benz raise Aston Martin stake to up to 20% by...
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin...
4y ago from GrandPrix247.com
In the Pitlane: Haas desperate enough to go with two...
Last week Kevin Magnussen and Romain Grosjean learned their services are...
4y ago from GrandPrix247.com
Ecclestone 'pressured' Lawrence Stroll to sign up...
Former F1 supremo Bernie Ecclestone says he intervened to convince Racing...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Barcelona GP: Martin crowned champion as...
No description available...
2h ago from Motorsport.com
Jorge Martin secures MotoGP World Championship in...
Jorge Martin secured the 2024 MotoGP World Championship after finishing...
1h ago from MotorsportWeek.c...
How Bagnaia's task in Barcelona compares to Lorenzo,...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
2d ago from Motorsport.com
Penske Entertainment buys Grand Prix of Long Beach
No description available...
3d ago from Motorsport.com
Penske purchases Grand Prix Association of Long Beach
Penske Entertainment announced Thursday that it has acquired the Grand...
3d ago from MotorsportWeek.c...
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
2d ago from Motorsport.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
2d ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
6d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal set to face competition from Liverpool and one...
No description available...
1h ago from SportsKeeda.com
Fulham 'set to rival' Arsenal, Chelsea in race to sign...
Fulham reportedly join Arsenal and Chelsea in the race to sign Brazil...
10m ago from SportsMole.co.uk
'That door is closed' – Former Arsenal star...
Former Arsenal star Robin van Persie has pretty emphatically ruled out...
5h ago from CaughtOffside.com
Arsenal told to pay 50 million to sign Liverpool...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Max Verstappen: F1 ‘less enjoyable' since new FIA...
Max Verstappen has said that Formula 1 has... Read More »
50m ago from MotorsportWeek.com
F1 team announce NEW signing with official statement
Aston Martin have announced a new signing to the... Read More »
5h ago from GPFans.com
F1 film producer reveals feedback from Lewis Hamilton has...
Formula 1 film Producer Jerry Bruckheimer has... Read More »
1h ago from MotorsportWeek.com
