New York Jets owner Woody Johnson acquires stake in F1 team Aston Martin

SILVERSTONE, England (AP) — New York Jets owner Woody Johnson has acquired a minority ownership stake in Formula 1 team Aston Martin. The billionaire businessman, who also owns the NFL club and Premier League soccer side Crystal Palace, will serve on the racing team's board of directors as vice chairman, focusing on commercial growth, particularly in the United States.

Aston Martin's controlling shareholder Lawrence Stroll confirmed Johnson's investment will bolster the company's position as they advance in the competitive world of F1. "His experience, passion and investment further strengthen our position as we enter the next phase of our competitive journey," Stroll said. Johnson, who served as the U.S. ambassador to the United Kingdom under President Donald Trump, expressed his appreciation for Aston Martin's heritage and shared vision for the future of the sport.