Racing Point Formula 1 team owner, Lawrence Stroll has said that Aston Martin needs to be competing at the highest level of motorsport.
Earlier in the year, the billionaire purchased a stake in Aston Martin for £182m, although in March it was increased to £260m, and as part of the investment Stroll takes on the role of Executive Chairman.
Stroll also confirmed that from 2021 Racing Point will become the Aston Martin works team, the first time the manufacturer will have raced in F1 under its own name since the 1960 season, and Stroll stated that the British manufacturer needs to be racing at the highest level of motorsport going forwards.
“A brand with the pedigree and history of Aston Martin needs to be competing at the highest level of motorsport.” commented Stroll.
“I think it’s the most exciting thing that’s happened in recent memory in Formula 1 and it’s incredibly exciting for all stakeholders in the sport, especially the fans.
“I can’t think of a better name for a Formula 1 team. Our investment strategy places Formula 1 as a central pillar of the global marketing strategy, and it makes perfect sense to rebrand Racing Point for this purpose.
“Aston Martin has been competing very successfully in various classes of motorsport throughout its history, but we now have an opportunity to create a works team in Formula 1.
“The global spotlight of Formula 1 is second to none and we will leverage this reach to showcase the Aston Martin brand in our key markets.”
Racing Point has built a reputation over the years, in various guises, as having a knack of outperforming its modest budget, but by becoming a works team, Stroll is under no illusions that pressure will mount in the future.
As a result, it will mean that Aston Martin needs to be racing at the front of the grid in the future, but Stroll has no doubt that his staff at Silverstone can rise to the challenge.
“The group of men and women at Silverstone are true racers and their determination and spirit is one of the main reasons I invested in the Formula 1 team.” he added.
“After 30 years, they deserve this opportunity to represent this legendary brand.
“We are continuing to invest in the team to give everybody the resources required and we will see the benefit of those efforts this year as Racing Point.
“With the Aston name comes more pressure and expectation.
“We will need to be competitive from the outset. But I have no doubt the team at Silverstone will rise to the challenge and do the Aston Martin name proud.”