With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority stake in the Aston Martin team to US private equity firm Arctos Partners.
  • CaptDust@sh.itjust.works
    6·
    8 months ago

    Stupid headline makes it sound like he sold his stake @ £1bn. The team was valued at 1bn, the shares sold were a minority fraction of shares and Stroll retains both majority ownership and control.

    • Sentau@feddit.de
      12·
      8 months ago

      I think the use of valuation at the end helps salvage the meaning a little. Considering titles are supposed to be as short as possible, this was a good attempt

  • Ecksell@lemmy.one
    1·
    8 months ago

    Nothing to see here, just Papa Stroll liquidating some assets to keep building/fixing cars and doing PR band-aids for Baby Stroll.