Source: REUTERS/Stephanie Lecocq
[Saba Sports News] According to British reports, Aston Martin Lagonda (AMGDF) has signed a binding term sheet to sell a minority stake in its F1 team for approximately £2.4 billion (US$3.2 billion). This transaction could set a new record. The growing popularity of F1 – partly driven by Netflix’s documentary series “Drive to Survive” – has attracted a surge of capital. Even teams that haven’t won yet can attract real money with their growth stories. Although the buyer has not been announced and the deal is still being finalized, Aston Martin Lagonda CEO Adrian Hallmark has confirmed the valuation figure. For a team currently ranked eighth in the championship standings, this price tag clearly demonstrates investors’ confidence in the long-term commercial potential of the sport. This valuation marks a significant jump from previous deals. In 2023, Canadian billionaire Lawrence Stroll sold a portion of the team to Arctos Partners for a valuation of £1 billion. A later funding round led by HPS Investment Partners and Accel raised the valuation to £1.8 billion.