Aston Martin owner Lawrence Stroll insists that given the sizeable investments he’s making in the team, he has no intention of orchestrating a “retreat” from Formula One.
Three years after rescuing Force India from administration, Stroll is now moving ahead with plans to build a new factory, wind tunnel and simulator at a cost of between £ 150 million and £ 200 million.
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The days of incessantly changing hands with the team – given its earlier forms as Jordan, Spyker, Midland and Force India – seem to be behind.
“This is a long-term investment,” Stroll insisted. “No offense to my predecessors, none of them have my story or track record.
“I’m clearly passionate about that. This is a great business opportunity. I see Formula 1 as a business asset for every single team that will grow significantly in value in the years to come, no different from any other sporting asset.
“If you look at a soccer club or an NFL soccer team, it was a billion dollars 10 years ago. You can’t buy a franchise for less than four or five billion dollars today.
“So this is a long-term plan. I would like to deal with this for many, many years to come.
“You are not making this type of investment to plan a retreat in any way, shape, or form.”
At a time when Formula One is trying to tailor their clothes accordingly, and in an era of budget caps, Stroll is bucking the trend by investing heavily in his desire to make the team masters in a few years .
When asked how much money there will be in Formula 1 in the coming years, he replied: “Money always speaks very loudly.
“We all know the budget cap, we are all very realistic about any exclusions that are not included in the budget cap.
“For us, this campus was long overdue. Covid cost us two years, otherwise we would be close to completion.”
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