2023 Aston Martin | Aramco | Cognizant F1 Team

This forum contains threads to discuss teams themselves. Anything not technical about the cars, including restructuring, performances etc belongs here.
KimiRai
KimiRai
257
Joined: 10 Aug 2022, 20:08

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

From a spanish journalist:

I don't know if this is going to happen. It is a rumor that has been talked about for not long. What I do know is that this is not the first time that Stroll has threatened to sell the team, and it is always after bad results. Those of today are not good ones, and they have a negative streak.
I can tell you that the last time he threatened to do it, as far as I know, was on Saturday night in the team box after the Saudi Arabia 2022 qualifying. They were... 18 and 19, I think
Technically I think they were 15 and 18, but the rest stays there.

User avatar
PinkFloydPulse
1
Joined: 07 Mar 2018, 14:47
Location: Sindelfingen

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

That actually makes most sense... Not Alonso quitting or joining Red Bull...
Team Fernando!

KimiRai
KimiRai
257
Joined: 10 Aug 2022, 20:08

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

Well if that is true and Stroll threatened with selling the team, it does not necessarily mean that it will happen, it could be a play of his own to remind them to do their job, or gain leverage, or another reason. Or it could happen and he sells the team of course.

basti313
basti313
28
Joined: 22 Feb 2014, 14:49

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

KimiRai wrote:
30 Oct 2023, 15:29
Well if that is true and Stroll threatened with selling the team, it does not necessarily mean that it will happen, it could be a play of his own to remind them to do their job, or gain leverage, or another reason. Or it could happen and he sells the team of course.
Either it is already sold or he will wait until he is up the game again next year. Now is the worst time to sell this team.
Don`t russel the hamster!

SSScoffee
SSScoffee
10
Joined: 17 Aug 2019, 15:32

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

If he sold it to the saudis, would it be a bad thing?

KimiRai
KimiRai
257
Joined: 10 Aug 2022, 20:08

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

Forgive my inexperience in these matters, but according to this person someone just sold £250 million worth of shares in Lagonda


User avatar
1158
39
Joined: 06 Mar 2012, 05:48

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

What if Stroll sold to Honda instead of the Saudis? Would Honda keep Alonso around?

billamend
billamend
15
Joined: 02 Sep 2019, 22:45

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

KimiRai wrote:
30 Oct 2023, 16:15
Forgive my inexperience in these matters, but according to this person someone just sold £250 million worth of shares in Lagonda

I do strongly believe that Aramco is going to buy AM, but its important to understand that Lagonda and the F1 team are two completely independent entities that happen to have some shareholders in common.

OnEcRiTiCaL
OnEcRiTiCaL
0
Joined: 01 Aug 2023, 09:55

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

1158 wrote:
30 Oct 2023, 16:17
What if Stroll sold to Honda instead of the Saudis? Would Honda keep Alonso around?
The AM worth more than that! Also Aston Martin Lagonda is separate from the F1 team. Aston Martin Lagonda is not the F1 team. That's owned by another company AMR GP .
Last edited by OnEcRiTiCaL on 30 Oct 2023, 17:01, edited 1 time in total.

KimiRai
KimiRai
257
Joined: 10 Aug 2022, 20:08

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post


ScottB
ScottB
4
Joined: 17 Mar 2012, 14:45

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

I think Geely have been building up a stake in the road car business, though that doesn't mean they've bought these shares here...

OnEcRiTiCaL
OnEcRiTiCaL
0
Joined: 01 Aug 2023, 09:55

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

ScottB wrote:
30 Oct 2023, 16:56
I think Geely have been building up a stake in the road car business, though that doesn't mean they've bought these shares here...
Lagonda nothing to do with F1 .

ScottB
ScottB
4
Joined: 17 Mar 2012, 14:45

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

OnEcRiTiCaL wrote:
30 Oct 2023, 17:03
ScottB wrote:
30 Oct 2023, 16:56
I think Geely have been building up a stake in the road car business, though that doesn't mean they've bought these shares here...
Lagonda nothing to do with F1 .
I didn't say they were? The posts above were about share sales in the road car company.

User avatar
diffuser
236
Joined: 07 Sep 2012, 13:55
Location: Montreal

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

KimiRai wrote:
30 Oct 2023, 16:15
Forgive my inexperience in these matters, but according to this person someone just sold £250 million worth of shares in Lagonda

I've said this before but selling Aston Martin Shares isn't selling the team. AMR is just a name that comes from Aston Martin being the main Sponsor. The 2 are separate entities. As 2026 approaches and we switch to the Honda PU. The main Sponsor may become Honda, so Stroll may just be planning a name change, maybe even Honda Racing. What is certain is he is divesting himself of Aston Martin. If he's gonna change the name and AM have 2 more years on a Name Sponsorship, what's the point in keeping Aston Martin?

KimiRai
KimiRai
257
Joined: 10 Aug 2022, 20:08

Re: 2023 Aston Martin | Aramco | Cognizant F1 Team

Post

It seems that the person confused pence (GBX) with pounds (GBP). So that would be £2.5 million instead of £250 million. It looks like a false alarm.