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 »
5y 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...
5y 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...
5y 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...
5y ago from GrandPrix247.com
Ecclestone 'pressured' Lawrence Stroll to sign up...
Former F1 supremo Bernie Ecclestone says he intervened to convince Racing...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
1d ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
2d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
3d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
2d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
2d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
4h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
5h ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
1h ago from Motorsport.com
WRC Monte Carlo: Drivers, fans and Liam Lawson enjoy...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Cunha's stunner seals Man Utd win over leaders Arsenal
Matheus Cunha scored a sensational 87th-minute winner to clinch a 3-2...
32m ago from SkySports.com
Two WONDER strikes fire Man Utd to huge win in...
FREE TO WATCH: Highlights from Arsenal's match against Manchester United...
22m ago from SkySports.com
Watch: Awful mistake from Martin Zubimendi results in...
Machester United saw themselves come back into the game after a poor...
1h ago from CaughtOffside.com
Watch: Patrick Dorgu with a stunning strike to give...
Manchester United have completely turned the tide at the Emirates Stadium,...
1h ago from CaughtOffside.com
Comments
Hottest News
2026 Daytona 24 Hours - results
Check out the full race results from the 64th... Read More »
32m ago from RacingNews365.com
Aston Martin pulls F1 Safety Car after five years
Aston Martin has announced it will no longer... Read More »
1h ago from MotorsportWeek.com
Are Ferrari back? Charles Leclerc 'excited' after...
Charles Leclerc shared his thoughts after driving... Read More »
21m ago from GPFans.com
