Lance Stroll: Aston Martin driver signs contract extension to stay at team until at least 2026 F1 season (2025)

Lance Stroll's expected stay at Aston Martin has been formally confirmed with the Canadian penning a contract extension to continue at the team into the sport's new era of regulations, which begin in 2026.

Stroll, whose father Lawrence owns the team as part of a consortium, has been with the Silverstone-based outfit since 2019 and the extended deal means he will stay as team-mate to Fernando Alonso for at least the 2025 and 2026 seasons.

Alonso signed a two-year extension to commit his own future to the team in April.

Although currently enduring a disappointing season after a standout 2023, Aston Martin retain big hopes for the future and will switch to a works supply of Honda engines when F1's new power units regulations are introduced for 2026. They have also held discussions with Adrian Newey in an attempt to sign the design genius when he leaves Red Bull in the first part of next year.

"I'm super happy to have committed to staying with the team for 2025 and beyond," said Stroll.

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"It's amazing to see how far we've come in the last five years; we've grown so much as a team and there's still so much more to look forward to."

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Lance Stroll: Aston Martin driver signs contract extension to stay at team until at least 2026 F1 season (1)

The 25-year-old Stroll, who began his career at Williams before joining his current team when it was known as Racing Point five years ago after his father had rescued the outfit from administration, claimed two podiums and one pole position for them in 2020 in what stands as his best season so far.

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But the Canadian has yet to either out-qualify or out-score any of his three team-mates - Sergio Perez (2019-2020), Sebastian Vettel (2021-2022), Alonso (2023-present) - over a full season.

Stroll has 17 points to Alonso's 41 so far in a difficult 2024 for Aston Martin, with a best race finish of sixth at April's Australian GP.

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Lance Stroll: Aston Martin driver signs contract extension to stay at team until at least 2026 F1 season (2)

Mike Krack, Aston Martin's team principal, added: "We are delighted to confirm Lance's future with Aston Martin Aramco.

"He has played a key role in building this team. His technical feedback, alongside his committed simulator work, has helped contribute to the continuous development of the car each season.

"The consistency and stability of both Lance and Fernando remaining with our team is a great platform to continue to realise our ambitions. We look forward to creating some more incredible memories and achieving further success together."

With Alpine confirming a contract extension for Pierre Gasly in the hour before Aston Martin delivered their own news on Stroll at the start of media day for the Austrian GP, just seven seats on the 20-car 2025 grid now remain unfilled.

F1 2025 field

Team Driver Driver
Red Bull Max Verstappen Sergio Perez
Ferrari Lewis Hamilton Charles Leclerc
McLaren Lando Norris Oscar Piastri
Mercedes George Russell ???
Aston Martin Fernando Alonso Lance Stroll
RB Yuki Tsunoda ???
Alpine Pierre Gasly ???
Haas ??? ???
Williams Alex Albon ???
Sauber Nico Hulkenberg ???

Sky Sports F1's live Austrian GP schedule

Lance Stroll: Aston Martin driver signs contract extension to stay at team until at least 2026 F1 season (3)

Thursday June 27
12.30pm: Drivers' Press Conference

Friday June 28
7.50am: F3 Practice
9am: F2 Practice
11am: Austrian GP Practice One (session starts at 11.30am)
12.55pm: F3 Qualifying
1.50pm: F2 Qualifying
3pm: Austrian GP Sprint Qualifying (session starts at 3.30pm)*

Saturday June 29
8.25am: F3 Sprint
10am: Austrian GP Sprint (race starts at 11am)*
12.25pm: F2 Sprint
2pm: Austrian GP Qualifying build-up
3pm: Austrian GP Qualifying
5pm: Ted's Qualifying Notebook

Sunday June 30
7.25am: F3 Feature Race
8.55am: F2 Feature Race
12:30pm: Grand Prix Sunday: Austrian GP build-up*
2pm: The AUSTRIAN GRAND PRIX*
4pm: Chequered Flag: Austrian GP reaction*
5pm: Ted's Notebook

*also live on Sky Sports Main Event

F1's triple-header continues at the Austrian Grand Prix this coming week - with the Sprint format returning at the Red Bull Ring. Watch every session live on Sky Sports F1, with Sunday's big race at 2pm. Stream every F1 race and more with a NOW Sports Month Membership - No contract, cancel anytime

Lance Stroll: Aston Martin driver signs contract extension to stay at team until at least 2026 F1 season (2025)

FAQs

Lance Stroll: Aston Martin driver signs contract extension to stay at team until at least 2026 F1 season? ›

Aston Martin has announced a contract extension for Lance Stroll

Stroll
Lawrence Sheldon Strulović (name later anglicized to Strulovitch) (born 11 July 1959), best known as Lawrence Stroll, is a Canadian businessman, part-owner and executive chairman of Aston Martin, and the owner of the Aston Martin F1 Team.
https://en.wikipedia.org › wiki › Lawrence_Stroll
with the team retaining the Formula 1 driver in a multi-year agreement. The team said Stroll will continue to race for the team into the new era of F1 regulations”, confirming that he will drive for the Formula 1 team till at least the end of 2026.

How much does Stroll pay for Aston Martin? ›

The Stroll consortium will pay $238 million for 16.7 % of Aston Martin at a price of £4 per share. The Canadian billionaire's stake could rise to 20% if the rescue plan is successful.

How long has Lance Stroll been in Aston Martin? ›

Lance has played an important role in the Aston Martin project since he first joined the Silverstone-based team in 2019. He has now completed more than 150 F1 starts, with three podiums to his name. The extension gives the team an unchanged line-up for a third consecutive season, bringing valuable continuity.

What does Lawrence Stroll own? ›

Lawrence Stroll's net worth is estimated to be US$3.9 billion as of July 2023, making him a Canadian billionaire. He is the part-owner and executive chairman of Aston Martin, a British luxury car manufacturer. Stroll owns the Aston Martin F1 Team, which competes in the Formula One World Championship.

Who is the owner of the Aston Martin F1 team? ›

Lawrence Stroll is a Canadian billionaire who owns the Aston Martin F1 team. He made his fortune in fashion, is worth 3 billion dollars, and owns a massive collection of vintage Ferraris and several super yachts.

Who owns Aston Martin now? ›

So, who is the owner of Aston Martin? While Ford was the owner for around two decades, the brand is currently owned by Canadian investor Lawrence Stroll. Get to know the history behind the Aston Martin legacy, and stop by Aston Martin Palm Beach to see these legendary vehicles up close and in person!

How much does Stroll make a year? ›

Earnings Per Year
YearAgeCash Total
201819$1,800,000
201920$1,200,000
202021$2,400,000
202122$1,915,000
4 more rows

Who owns Aston Martin in 2024? ›

Canadian billionaire Lawrence Stroll owns Aston Martin. Stroll leads investment consortium Yew Trees Overseas. He took ownership in 2020 and has been its chairman ever since.

Who is the richest team principal in F1? ›

Abu Dhabi, December 2021. One of the F1 team principals has now officially hit a landmark in personal wealth, after it was reported that Toto Wolff has become a billionaire for the first time.

What is the net worth of Lance Stroll? ›

Lawrence Sheldon Strulović (name later anglicized to Strulovitch) (born 11 July 1959), best known as Lawrence Stroll, is a Canadian businessman, part-owner and executive chairman of Aston Martin, and the owner of the Aston Martin F1 Team. According to Forbes, he has a net worth of US$3.9 billion, as of March 2024.

What is the nickname for the Aston Martin? ›

Aston Martin – The Beginning

The very first Aston Martin was built and registered in 1915 by Lionel Martin and Robert Bamford – it was nicknamed “Coal Scuttle”.

How much is Mr. Stroll worth? ›

Why did Aston Martin leave F1? ›

Following this string of poor results, with the team failing to score a single championship point, Aston Martin abandoned Formula One entirely after the British Grand Prix to focus on sports car racing.

How much has Lance Stroll cost at Aston Martin? ›

Is Lance Stroll worth $18 million, because that's what he's cost Aston Martin so far this season in the Constructors' Championship (*salary and crash damage not included). And that's just the beginning with a potential 10-year pay-day on the line.

What is Lawrence Stroll's net worth? ›

How much is Aston Martin worth? ›

Market cap: $1.49 Billion

As of July 2024 Aston Martin has a market cap of $1.49 Billion. This makes Aston Martin the world's 4587th most valuable company by market cap according to our data.

How much was Aston Martin bought for? ›

2007–2018: Private Limited Company. On 12 March 2007, a consortium led by Prodrive chairman David Richards purchased Aston Martin for £475 million (US$848 million). The group included American investment banker John Sinders and two Kuwaiti companies namely Investment Dar and Adeem Investment.

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