Quote:
Originally Posted by Mike Harte
Before everyone gets too excited by this announcement, you should also read this article from today's BBC website that states that Stroll is leading a financial rescue plan for Aston Martin. https://www.bbc.co.uk/news/business-51323241.
I would imagine that the same story is covered by other financial websites.
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There's been a few rounds of reporting about his groups trying to find the cash to buy out Aston but not much has come of it really. I would venture that this deal shows there's a bit more smoke now and there's something there.
Updated about 40 min ago and appears he has brought money and gets 20% stake in Aston, his consortium brings 182 million pounds and the remaining 318 raised from existing investors. Oh and he's now the chairman after all the ink is dried.