Vettel acquires shares in Aston Martin ahead of 2021 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 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 world champion.

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.

From the editor, also read:

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 Motorsport.com 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. Now I don't know which options he has, and what he wants to do."

shares
comments

Related video

Eifel GP: Latest F1 technical developments
Previous article

Eifel GP: Latest F1 technical developments

Next article

Verstappen: "No sense" in pondering F1 future after Honda

Verstappen: "No sense" in pondering F1 future after Honda
Load comments
Spanish Grand Prix Driver Ratings 2022 Prime

Spanish Grand Prix Driver Ratings 2022

In an unusually hectic Formula 1 Spanish Grand Prix, Charles Leclerc was denied a dominant performance by his Ferrari engine letting go which allowed Max Verstappen to pick up the pieces. But numerous flashpoints kept the race twisting and turning throughout, with one perfect score from an emerging contender

How Verstappen overcame his and Red Bull’s errors to win in Spain Prime

How Verstappen overcame his and Red Bull’s errors to win in Spain

Charles Leclerc’s Ferrari engine disaster offered an open goal for Max Verstappen and Red Bull to strike, but the reigning Formula 1 world champion still had to solve multiple errors and profit from a begrudged assist from team-mate Sergio Perez, which created an unexpectedly eventful Spanish Grand Prix

Why Red Bull can win a Spanish GP that looked perfect for Ferrari Prime

Why Red Bull can win a Spanish GP that looked perfect for Ferrari

Formula 1's return to Spain on Friday ended with Ferrari leading the way from Mercedes, while Red Bull could only manage third fastest overall courtesy of Max Verstappen. But its chances of victory are far from remote with a deeper dig into the times despite Ferrari's strong start...

Formula 1
May 20, 2022
The key aspects of Porsche and Audi's planned F1 entries Prime

The key aspects of Porsche and Audi's planned F1 entries

The VW Group’s German superpowers of sportscar racing have all but confirmed they are coming to F1 when the next set of engine rules come into force in 2026. Here's why both manufacturers are all set to take the plunge, and crucially how it might work

Formula 1
May 19, 2022
How Vegas went from byword for F1 indifference to grand Liberty coup Prime

How Vegas went from byword for F1 indifference to grand Liberty coup

Holding a race in Las Vegas – party central, a city of dreams and decadence and, yes, more than a smattering of tackiness – has been on Liberty Media’s most-wanted list since it acquired Formula 1’s commercial rights. But, as LUKE SMITH explains, F1 has been here before and the relationship didn’t work out

Formula 1
May 18, 2022
Why de Vries' FP1 outing could add a new path to his current crossroads Prime

Why de Vries' FP1 outing could add a new path to his current crossroads

A Formula 2 and Formula E champion, Nyck de Vries is currently considering where his future in motorsport lies. Continuing in WEC and Formula E is possible and he's also courted glances Stateside after impressing in an IndyCar test. But ahead of his Formula 1 FP1 debut with Williams, he could have another option if he impresses...

Formula 1
May 18, 2022
Why Leclerc's crash shouldn't put off F1 drivers tasting history Prime

Why Leclerc's crash shouldn't put off F1 drivers tasting history

OPINION: For a demo run ahead of Monaco's Historique Grand Prix, Charles Leclerc was blessed with the opportunity to drive Niki Lauda's former Ferrari 312B3 - but a brake failure at Rascasse suggested Leclerc's Monaco hoodoo transcended contemporary F1. Although an awkward incident, Leclerc deserves credit for embracing F1's history.

Formula 1
May 18, 2022
Why the lack of "needle" between Red Bull and Ferrari is a mirage Prime

Why the lack of "needle" between Red Bull and Ferrari is a mirage

OPINION: The fight for the 2022 Formula 1 world titles between Red Bull and Ferrari so far features little of the public animosity that developed between the former and Mercedes last year. But that isn’t to say things are full on friendly or won’t get much worse very quickly…

Formula 1
May 17, 2022