Racing Point will become the Aston Martin works team beginning with the 2021 Formula 1 season, Formula 1’s website reports.
Lawrence Stroll, owner of Racing Point, is investing 182 million pounds (est. $239 million US dollars) from his association to take a 16.7% stake in Aston Martin.
Additionally, Stroll will become Aston Martin’s executive chairman.
Racing Point was previously known as Force India before Stroll’s association took over. In 2020, Stroll’s son Lance and Sergio Perez will compete for the team.
In tandem with the news, Red Bull Racing confirmed that its title sponsorship deal with Aston Martin would conclude at the end of 2020. However, it stated it will “continue to work with Aston Martin on the Valkyrie [hypercar] project.”
Aston Martin’s return in a works capacity will be its first in 60 years.
About the author
Joy joined Frontstretch in 2019 as a NASCAR DraftKings writer, expanding to news and iRacing coverage in 2020. She's currently an assistant editor and involved with photos, social media and news editing. A California native, Joy was raised watching motorsports and started watching NASCAR extensively in 2001. She earned her B.A. degree in Liberal Studies at California State University Bakersfield in 2010.
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think Aston moving to another team than Red Bull made a lot of sense.My only concern is with the impact of Stroll on the company. But with Andy Palmer staying as CEO perhaps its ok.