Sport / Cars / Business / Formula 1 / Classic / F1 / Investing / Racing / Money / Classical / News

Billionaire poised to launch bid for major Aston Martin stake

Posted On: 5 Dec 2019   |   Posted By: Autocar

Billionaire poised to launch bid for major Aston Martin stake

Autocar understands Lawrence Stroll, father of F1 racer Lance, is heading consortium looking to take a major shareholding in British sports car firm
Billionaire Lawrence Stroll is preparing a bid to buy a major stake in Aston Martin , Autocar can reveal following a joint investigation with RaceFans.net.
Stroll, father of Formula 1 driver Lance and owner of the Racing Point F1 team, is estimated to be worth in excess of £2 billion, having made his money investing and building up brands including Pierre Cardin, Ralph Lauren, Tommy Hilfiger, Asprey and Garrard.
He is also famed for his car collection, which is most notable for including what many regard as the most valuable collection of classic Ferraris in the world.
Both his business interests and car collection are reported to have given him the contacts to head a consortium looking to take control of Aston Martin, in the belief they can take advantage of its current low stock value and lower than expected sales prior to building the brand's equity up again...

Continue reading ...

 








Dominic Thiem had Roger Federer problem during Rafael Nadal Australian Open win

Dominic Thiem had Roger Federer problem during Rafael Nadal Australian Open win

Dominic Thiem says he was battling demons in his head like Roger Federer. Read more ...

Flamengo confirm Pablo Mari exit with tribute ahead of Arsenal transfer

Flamengo confirm Pablo Mari exit with tribute ahead of Arsenal transfer

Flamengo have seemingly confirmed the Spaniard's exit with a tribute, hailing the defender for helping them win the Brazilian league title and Copa Libertadores Read more ...

I NEVER discussed military aid to Ukraine with Donald Trump claims Rudy Giuliani

I NEVER discussed military aid to Ukraine with Donald Trump claims Rudy Giuliani

Donald Trump lawyer Rudy Giuliani tore into former security advisor John Bolton as a 'swamp creature' and a 'back stabber' as senators weigh calling Bolton as a witness. Read more ...

Holly Willoughby Struggles Through This Morning Healthy Eating Segment With...

Holly Willoughby Struggles Through This Morning Healthy Eating Segment With Post-NTAs Hangover

As even the most casual of daytime viewers will know, the morning after the National Television Awards is always a bit of a difficult one for Phillip Schofield and Holly... Read more ...

Jofra Archer ruled out of England's T20 series against South Africa

Jofra Archer ruled out of England's T20 series against South Africa

Jofra Archer will miss England's T20 series against South Africa Jofra Archer has been ruled out of England's upcoming T20 series against South Africa. A statement from the... Read more ...

What channel is West Ham vs Liverpool on? TV and live stream information

What channel is West Ham vs Liverpool on? TV and live stream information

Jurgen Klopp's Reds take on the only team they haven't yet faced in the Premier League this season, having beaten all the others to pull 16 points clear at the top Read more ...

Crisis-hit Northern Rail to be taken back into public ownership

Crisis-hit Northern Rail to be taken back into public ownership

Long-awaited government decision over troubled Northern Rail Read more ...

Tottenham sign Steven Bergwijn from PSV

Tottenham sign Steven Bergwijn from PSV

Tottenham have signed winger Steven Bergwijn from PSV Eindhoven. Read more ...

Boeing climbs after burning less cash than expected last quarter, despite...

Boeing climbs after burning less cash than expected last quarter, despite posting its first annual loss in more than 20 years

Boeing released fourth-quarter earnings Wednesday, reporting the first annual loss in over 20 years. But the company burned through less cash than expected, providing a glimmer... Read more ...

Pablo Mari sends message to Arsenal fans after becoming Mikel Arteta's first...

Pablo Mari sends message to Arsenal fans after becoming Mikel Arteta's first signing

Pablo Mari became Mikel Arteta's first Arsenal signing Pablo Mari insists he is delighted to join ‘one of the best clubs in the world' in Arsenal and says he intends to... Read more ...