We live in chaotic times, so hearing that Aston Martin is going to dump its F1 team and revert to private ownership is believable. It’s not clear who will invest in the Formula One team, but we assume it will continue to be viable,

British luxury sports and supercar maker Aston Martin is to separate from its flagship race team and remove itself from the London Stock Exchange. The company has signed a binding letter of intent to sell its stake in the Aston Martin Aramco Formula One Team to an as-yet undisclosed buyer.

While Aston Martin’s F1 hasn’t had a great year on the track, it just got a big win off of it. The marque’s racing squad has been valued at about $3.3 billion, or £2.4 billion. That figure was revealed alongside a bit of a shakeup for the F1 team: Aston Martin Lagonda Global Holdings Plc—the official title of the carmaker—is selling its minority stake in the team for $146 million (£110 million),

The Aston Martin F1 team will be valued at roughly $3.2B in its latest stake sale, as demand to invest in the sport shows no sign of slowing.

Aston Martin’s Formula One team is set to be valued at around £2.4 billion ($3.2 billion) in a new stake sale, underscoring continued investor appetite for the sport.

The Aston Martin Formula One team will be valued at roughly £2.4 billion ($3.2 billion) in its latest stake sale, as demand to invest in the sport shows no sign of slowing.

Earlier this year it was reported that legendary car brand Aston Martin Lagonda was looking for a buyer to sell its minority stake in the Aston Martin F1 team. According to reports, said buyer has been found.

The value of the team has more than doubled in less than two years as Aston Martin Lagonda looks to cash in its chips.