motorsport

US Billionaire Buys Stake in Aston Martin F1

US billionaire Robert Wood Johnson has acquired a minority stake in the Aston Martin Formula 1 team and joined its board as vice chairman.

Robert Wood Johnson, heir to the Johnson & Johnson pharmaceutical empire, now has ownership in the F1 team alongside existing stakeholders. The 79-year-old businessman also owns the New York Jets NFL team and recently acquired a major stake in Premier League football club Crystal Palace. solvita.blog

Johnson's entry into Aston Martin's F1 operations adds another high-profile American owner to the sport, following similar moves by other US investors in recent years.