Vettel acquires shares in Aston Martin ahead of 2021 F1 move

Sebastian Vettel has acquired a shareholding in Aston Martin ahead of his move to the marque's Formula 1 team in 2021

Vettel acquires shares in Aston Martin ahead of 2021 F1 move

Vettel will join the team, currently known as Racing Point, next season after being told by Ferrari earlier this year that he would not be retained.

Last month's announcement of his move followed several weeks of negotiation with Aston Martin owner Lawrence Stroll.

Vettel declined to give any details of his stake in the company, which trades as Aston Martin Lagonda Global Holdings plc on the London Stock Exchange.

While it is obviously related to his deal to join the team, it is not clear whether his stake is part of his remuneration or was purchased on the open market, and is in effect a show of confidence in the brand by the former F1 world champion.

PLUS: Will signing Vettel save Aston Martin?

Vettel is regarded by Stroll as a key element of Aston's marketing push in the coming years as it tries to recover from its current downturn. The share price tumbled earlier this year, but it has stabilised in recent weeks.

Mercedes owns a 5% stake in Aston, while the German manufacturer's F1 team boss Toto Wolff, a close friend of Stroll, also has a personal shareholding.

"I think everybody's free to do what they want with their money," said Vettel when asked by Autosport if he might take shares in the company. "And as I know, Aston Martin is a public company, and everyone is free to invest in the company.

"So if you're asking whether I have shares in the company, I have, but how much I think it's a secondary thing, and I won't talk about it.

"But I think I believe in the project, I've decided obviously to go with the project and I'm excited to see what happens when we kick off next year. And I'm starting for a new team."

Vettel was also asked if he had any regrets about potentially leaving current Racing Point driver Sergio Perez without a drive for next season.

"Obviously there are not that many seats open still," he said. "I don't know if Checo is talking to anyone. So, I don't know if he's definitely out.

"You guys are making the news, so I think you know a bit more than me, or at least sooner than me. But I think it would be a shame.

"He is the driver that deserves to be in Formula 1. I don't know which options he has and what he wants to do."

shares
comments
Hamilton: Work needed to avoid "disturbances" after Mercedes F1 member has COVID-19

Previous article

Hamilton: Work needed to avoid "disturbances" after Mercedes F1 member has COVID-19

Next article

Grosjean "hugely interested" in Peugeot's WEC Hypercar programme

Grosjean "hugely interested" in Peugeot's WEC Hypercar programme
Load comments
Why momentum is again behind Australia’s aces Plus

Why momentum is again behind Australia’s aces

At the Italian Grand Prix Daniel Ricciardo turned around a troubled F1 season and, in F2, Oscar Piastri demonstrated once again that he is a potential star of the future. BEN EDWARDS weighs up the prospects of F1 having two Australian stars

The tough balancing act facing Schumacher’s Netflix film producers Plus

The tough balancing act facing Schumacher’s Netflix film producers

Michael Schumacher is the latest sporting superstar to get the ‘Netflix treatment’, with a special documentary film airing on the US streaming giant’s platform this month. DAMIEN SMITH has the inside track on how the filmmakers gained access to tell the human story behind one of Formula 1’s most publicity-shy champions - while the man himself, for obvious reasons, is in absentia… 

Formula 1
Sep 25, 2021
The times that suggest Verstappen should be confident of F1 Russian GP recovery Plus

The times that suggest Verstappen should be confident of F1 Russian GP recovery

For the second race in a row, Mercedes has ended the first day of track action on top. It’s in a commanding position at the Russian Grand Prix once again – this time largely thanks to Max Verstappen’s upcoming engine-change grid penalty. But there’s plenty to suggest all hope is not lost for the championship leader at Sochi

Formula 1
Sep 24, 2021
The ‘backwards step’ that is the right move for Formula 1 Plus

The ‘backwards step’ that is the right move for Formula 1

OPINION: With its days apparently numbered, the MGU-H looks set to be dropped from Formula 1’s future engine rules in order to entice new manufacturers in. While it may appear a change of direction, the benefits for teams and fans could make the decision a worthwhile call

Formula 1
Sep 23, 2021
The floundering fortunes of F1’s many Lotus reboots Plus

The floundering fortunes of F1’s many Lotus reboots

Team Lotus ceased to exist in 1994 - and yet various parties have been trying to resurrect the hallowed name, in increasingly unrecognisable forms, ever since. DAMIEN SMITH brings GP Racing’s history of the legendary team to an end with a look at those who sought to keep the flame alive in Formula 1

Formula 1
Sep 22, 2021
Why the 2021 title fight is far from F1's worst, despite its toxic background Plus

Why the 2021 title fight is far from F1's worst, despite its toxic background

OPINION: Formula 1 reconvenes for the Russian Grand Prix two weeks after the latest blow in ‘Max Verstappen vs Lewis Hamilton’. While the Silverstone and Monza incidents were controversial, they thankfully lacked one element that so far separates the 2021 title fight from the worst examples of ugly championship battles

Formula 1
Sep 22, 2021
How F1’s other champion to emerge from 1991 thrived at Lotus Plus

How F1’s other champion to emerge from 1991 thrived at Lotus

Mika Hakkinen became Michael Schumacher’s biggest rival in Formula 1 in the late-90s and early 2000s, having also made his F1 debut in 1991. But as MARK GALLAGHER recalls, while Schumacher wowed the world with a car that was eminently capable, Hakkinen was fighting to make his mark with a famous team in terminal decline

Formula 1
Sep 21, 2021
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

Formula 1
Sep 20, 2021