P1racenews AI automatic summary:
Aston Martin has now received a new value, further highlighting the growth F1 has enjoyed in recent years.
The Aston Martin F1 team has been valued at a whopping £2.4 billion ($3.2 billion) following its latest stake sale. Earlier this year, the Aston Martin company declared its intention to sell its shares in its F1 team. A sale of the minority stake has now been agreed at a figure of £110 million, but the buyer has not yet been confirmed. According to Bloomberg, Aston Martin CEO Adrian Hallmark stated that a binding letter of intent has been signed with the buyer at a £2.4 billion valuation. The huge estimation further highlights the growth F1 and its teams have undergone in recent years and the continued demand to invest in the sport. F1 saw a spike in popularity following the successful release of the ‘Drive To Survive’ docu-series on Netflix.
