Aston Martin “share price rockets to nine-figure sum” - Toto Wolff will benefit
Fernando Alonso’s sensational podium finish resulted in Aston Martin’s stock increasing by 15%, adding $300m (£250m) to its market cap inside 24 hours, according to sports-business reporter Joe Pompliano.
Wolff, team principal of Mercedes who were knocked down the pecking order by Aston Martin, will benefit from this huge increase.
Wolff became a private investor in the Aston Martin F1 team in 2020, purchasing a 1% stake from part-owner Lawrence Stroll.
Today, Aston Martin F1 are Mercedes’ customer team and use their engine.
“Half of their car is ours,” Lewis Hamilton said. “And they built their car in our wind tunnel, they do their aero in our wind tunnel, so we've got some work to do.”
Alonso finished third in Bahrain with Hamilton fifth and George Russell seventh.
While Wolff’s team admit they must totally rethink the W14’s concept, their customer team have improvements plotted out.
The AMR23 is a work in progress and upgrades are planned already meaning Aston Martin’s threat to the top of the grid may not end anytime soon.
James was a sports journalist at Sky Sports for a decade covering everything from American sports, to football, to F1.
