The Racing Point Formula 1 team could be rebranded as Aston Martin as its billionaire owner Lawrence Stroll has been linked to a buy-in at the luxury car manufacturer, RaceFans can reveal following a joint investigation with Autocar.

Stroll, whose is believed to be worth more than £2 billion, led a consortium in taking over the Force India F1 team last year when it went into administration. He rebranded the team as Racing Point and has invested heavily in it, and plans to expand its factory next year.

RaceFans understands he is now considering a buy-in at Aston Martin to take advantage of a drop in its value since it floated on the London stock market last year. Aston Martin share prices have fallen from £19 at launch to around the £5 mark, and made a loss of £80 million over the first six months of 2019.

A source indicated Stroll intends to wrap Racing Point in Aston Martin’s British racing green colours if he is successful in buying a controlling stake. An alliance between Aston Martin and Stroll’s Mercedes-powered F1 team would complement the road car company’s technical partnership with the three-pointed star, who also supply their engines. Aston Martin also established an engineering centre at Silverstone, in close proximity to the Racing Point factory, last December.

The move could have serious implications for Red Bull, whose title sponsor is Aston Martin. The two companies have collaborated on the Valkyrie hypercar which is due to enter the 2020-21 World Endurance Championship including the Le Mans 24 Hours.

Stroll, an avid motoring enthusiast with an extensive collection of classic cars, made his money in the fashion industry through brands such as Tommy Hilfiger, Ralph Lauren and Pierre Cardin. He did not comment on the report when approached by RaceFans.

Aston Martin’s previous, brief spell in Formula 1 began six decades ago when it entered a pair of DBR4s for Roy Salvadori and Carroll Shelby in four races. It returned in 1960 but its front-engined car had been superceded by rear-engined rivals, and though it had plans for a rear-engined design, the team cancelled its F1 project before the end of the year.

Additional reporting by Jim Holder.

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Video: Aston Martin to F1? Racing Point owner considering buy-in

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2019 F1 season