Source: REUTERS/Bernadett Szabo
[Saba Sports News] Just like British F1 driver Lewis Hamilton’s move to Ferrari significantly boosted Ferrari’s stock price, Aston Martin Racing is now experiencing what is referred to as the “Newey Effect.” According to news from investment circles in the UK and US, Aston Martin Racing’s valuation has increased by a full 8% compared to before. Moreover, after recruiting Newey, the team has attracted considerable attention from various investment firms eager to get a piece of the action. According to Sky News, American company HPS Investment Partners and a large venture capital fund from Silicon Valley called Accel are set to inject hundreds of millions of pounds into Aston Martin Racing by acquiring 20% to 25% of its parent company AMR GP Holdings Limited; additionally, HPS has agreed to help Aston Martin Racing pay off debts related to its technical park. This transaction is expected to value Aston Martin F1 Racing at between £1.5 billion and £2 billion. This may be one of the reasons team owner Lawrence Stroll is willing to offer Newey an annual salary exceeding $100 million; the money he earns in capital markets far exceeds Newey’s salary.