Could Racing Point rebrand as Aston Martin?

Date published: December 5 2019

Racing Point owner Lawrence Stroll is reported to be interested in buying a major stake in Aston Martin, according to Autocar and RaceFans.net.

Stroll, who has an estimated worth of over £2 billion through investments and fashion brands, initially came to the rescue for the team formerly known as Force India in August 2018.

The Canadian billionaire was at the forefront of a consortium that bought the team which had been forced into administration.

Autocar and RaceFans.net are now reporting that Stroll is ready to make more business moves, heading up another consortium in order to buy a major stake in Aston Martin, taking advantage of its drop in share price.

Since Aston Martin began to float on the stock market in 2o18,  its share price has dropped from around £19 to £5 and the company itself reported a £80million lost in the first half of 2019.

Although Lawrence Stroll and Aston Martin have both refused to comment on the reports, it is thought that Stroll would be keen on reintroducing the familiar Aston Martin green colour back to Formula 1 and rebranding the current Racing Point team.

Aston Martin, of course, currently have very strong ties to Red Bull through their title sponsorship. The last time Aston Martin was a Formula 1 team in their own right was between 1959 and 1960.

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