Aston Martin has bought a minority stake in its Formulation 1 crew to US billionaire Robert Wooden Johnson, who joins the board of administrators as vice chairman.
Johnson, an inheritor of the Johnson & Johnson pharmaceutical empire, additionally owns the New York Jets NFL crew and purchased a significant stake in Premier League soccer crew Crystal Palace final yr.
The 79-year-old is a long-time donor of US president Donald Trump, and served as US ambassador to the UK between 2017 and 2021 following Trump’s election.
Johnson has now been introduced in by Aston proprietor Lawrence Stroll to advance the Silverstone crew’s industrial progress within the US, which is a vital marketplace for the sequence. The crew burdened Johnson wouldn’t be concerned within the crew’s every day administration.
“Throughout my time as US Ambassador to the UK, I’ve developed a deep appreciation for Aston Martin’s wealthy historical past, in addition to Lawrence Stroll’s strategic imaginative and prescient and entrepreneurial spirit,” Johnson stated.
“I’m excited to accomplice with him and contribute to the continued growth of the crew, with the ambition of constructing an organisation able to competing on the very highest stage of the game.
Lance Stroll, Aston Martin Racing
Photograph by: Andy Hone/ LAT Pictures by way of Getty Pictures
“We additionally share a dedication to rising the fanbase in america and introducing much more followers to the thrill of Formulation 1.”
Stroll added: “I’m extraordinarily glad to welcome Woody to the Aston Martin household. His expertise, ardour and funding additional strengthen our place as we enter the following section of our aggressive journey.
“His deep appreciation for our model, mixed together with his dedication to innovation and industrial alternative, makes him a really perfect accomplice as we glance to the longer term.”
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