Stroll buys a stake in Aston Martin | Page 3 | FerrariChat

Stroll buys a stake in Aston Martin

Discussion in 'F1' started by Sig. Roma, Jan 31, 2020.

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  1. SPEEDCORE

    SPEEDCORE Four Time F1 World Champ

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    Toe Knee
  2. william

    william Two Time F1 World Champ
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    It depends which ownership you are taking about.
    Since WWII, Aston had several successive owners, David Brown, Victor Gauntlett, Livanos, Ford, Prodrive, and until recently a Middle-East consortium.
     
  3. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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  4. Nuvolari

    Nuvolari F1 Veteran
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    william, jgonzalesm6 and DF1 like this.
  5. DF1

    DF1 Two Time F1 World Champ

    Is he short of cash? WOW. What is main reason..........
     
  6. DF1

    DF1 Two Time F1 World Champ

  7. Igor Ound

    Igor Ound F1 Veteran

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  8. DF1

    DF1 Two Time F1 World Champ

    Aston Martin Lagonda Global Holdings Plc said it may need to tap into high-interest notes it was trying to avoid drawing down, even after a 536 milion-pound ($663 million) capital infusion from a group led by billionaire Lawrence Stroll.

    • Available $100 million note would exact a high interest rate
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    Aston Martin’s DBX SUV Photographer: Greg Baker/AFP via Getty Images

    The U.K. luxury carmaker doesn’t have sufficient working capital based on European Securities and Markets Authority rules, because the coronavirus has created “increased and unquantifiable uncertainty” in its business, Aston Martin said in a statement. That’s made it impossible to come up with a model for a “reasonable worse case downside,” it said.
     
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  9. Simon^2

    Simon^2 F1 World Champ

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    What is considered high interest in todays crazy times... 2.25%??
     
  10. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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    Aston Martin’s return to F1 as works Team is officially confirmed for 2021. Will be named Aston Martin F1 Team.HQ will be in Silverstone(RP)


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  11. william

    william Two Time F1 World Champ
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    I wish them good luck, but I am glad it's not my money.
    Investing in an ailing luxury brand just when a possible worldwide recession is looming seems incredibly risky to me.
     
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  12. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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    How to turn a billionare into a millionaire......as the old cliche goes??
     
  13. Isobel

    Isobel F1 World Champ

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    1. A part of me wishes it was Lotus getting back in the game instead of Aston, but I’ll take it and appreciate the effort.

    2. How long will it last beyond Lance’s departure from F1 ?
     
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  14. william

    william Two Time F1 World Champ
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    Lotus is in good hands now, part of Geely.

    If Lawrence Stroll really wants his F1 team to get some results, he will have recruit better drivers than Perez and Lance.
     
  15. Isobel

    Isobel F1 World Champ

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    Aston Martin F1 completely disagrees with 50% of your assessment....
     
  16. william

    william Two Time F1 World Champ
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    Haha, good luck to them then.
     

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