Lance Stroll of Canada driving the (18) Aston Martin F1 Team AMR25 Mercedes on track during day one of F1 Testing at Bahrain International Circuit on February 26, 2025 in Bahrain, Bahrain. (Photo by Clive Rose/Getty Images)

F1 News: Bleeding red ink, Aston Martin forced to sell stake in F1

Aston Martin has confirmed its plans to sell its minority £74 million stake in its F1 team because the car company is hemorrhaging red ink.

Full Year 2024 Key Financial Results

  • Revenue: $2.041B (down 3.0% from FY 2023).

  • Net loss: $418M (loss widened by 42% from FY 2023).

  • $0.50 loss per share (further deteriorated from $0.39 loss in FY 2023).

To offset some of the loss, Aston Martin is selling its stake in its F1 team and raising capital.

The F1 team has since put a positive spin on the negative news via a statement of its own

“Today’s news underscores our executive chairman Lawrence Stroll’s long-term and unwavering commitment to both Aston Martin and the current Formula One Team.

“A long-term contract is now in place to ensure the Aston Martin name remains at the pinnacle of motorsport for decades to come.

“The proposed transactions, which will see Aston Martin Lagonda (AML) sell its stake in the Aston Martin Aramco Formula One Team (AMF1), will result in Mr Stroll increasing his shareholding in AML to 33% while strengthening the company’s balance sheet by over £125m.

“Mr. Stroll has commissioned the investment bank Raine Group to help find a buyer for AML’s stake in the Formula One team.

“Raine will work closely with AMF1’s commercial chief Jeff Slack to secure a strategic investor who can add long-term value to the team and the brand.”

In addition, Stroll said: “These moves demonstrate that Aston Martin’s place on the Formula One grid is as secure as ever.

“AML recently re-committed to its long-term sponsorship and licensing agreement with AMF1, confirming that the legendary brand and its British racing green colors will compete in Formula One for decades to come.”

Lawrence Stroll
Lawrence Stroll