Wall Street splashes 3.2 billion dollars for the F1 backmarker team

F1 assets are becoming hot commodities in the capital market. Aston Martin Lagonda has signed a binding letter of intent to sell a minority stake in its F1 team with an estimated value of around 2.4 billion. Although the buyer has not been announced and the deal is still in progress, Aston Martin Lagonda CEO Adrian Hallmark has confirmed this valuation figure. For the currently eighth-ranked team on the championship standings, this pricing fully demonstrates the capital's optimism for the long-term commercial potential of the sport.