Lawrence Stroll is making a splash with his son’s hobby.
It is said that the rich always get richer. If we look at the Stroll family and Aston Martin, we can only conclude that this is indeed the case. Lawrence Stroll is known for having paid tens of millions to have his son Lance become a Formula 1 driver. Lance was put in the best teams and even the entire Williams team was actually hired to do private testing. As is well known, Stroll senior eventually even bought the Force India team and renamed it Racing Point and later Aston Martin. All to make little Lance a bona fide ‘factory driver’.
Guus Happiness
Normally, something like this would be a money-sucking hobby that only billionaires like Stroll can afford. But ironically, Lawrence is also making a killing from this whole business. Not because his son Lance is so good that he earns 50 million a year at a top team. But because he stepped in as an F1 team owner at an opportune moment. Lawrence is apparently a real lucky charm in that regard.
Explode
Since then, the values ​​of the teams have really exploded. The budget cap combined with the unprecedented popularity of the sport means that a huge amount of money is coming in and not a whole lot is going out. It is not for nothing that people like Andretti are eager to get in… and the current teams are happy to prevent that because they want to keep the trough for themselves.
Generic companies with billions in investments
Lawrence is now liquidating part of this success. After a small part was sold to Actros last year, according to Sky Sports, around 20 to 25 percent of the shares are now being sold to two venture capital companies. These are names that mean little and are quickly forgotten. Namely HPS Investment Partner and Accel. Shops that manage billions and even more billions. According to the rumours, Adrian Newey will also get a small part of the company, now valued at around 1.25 billion pounds. Although his transfer to team green is still formally a badly kept secret in the paddock.
No Fear for Lance
The young Lance Vance Dance does not have to fear that he will be replaced. Father Lawrence remains the big cheese at the team. He has probably already earned back his investment. So if you read and want to become rich, spend tens of millions to let your son drive F1. The rest will happen automatically. Of which note.
