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

New York Jets proprietor Woody Johnson has acquired a minority ownership stake in the Formula 1 racing team Aston Martin. The British squad did not disclose the financial details of the deal, but they revealed that Johnson, a former U.S. ambassador to the United Kingdom, will concentrate on expanding the team's business opportunities, with a particular focus on the United States. Besides his majority ownership of the NFL club, Johnson also holds a stake in Premier League football club Crystal Palace.

Johnson will be appointed as vice chairman on Aston Martin's board of directors but will not participate in daily managerial activities. The team stated that Lawrence Stroll, Aston Martin's executive chairman and controlling shareholder, will continue to manage and control the company. Stroll expressed his satisfaction with Johnson's involvement, highlighting his "experience, passion, and investment" as crucial assets for the team's future.

The announcement emphasized Johnson's extensive network of influential connections, which he credits to his tenure as ambassador to the U.K. during President Donald Trump's first term. He stated that Stroll's vision for Aston Martin, coupled with his dedication to innovation and commercial prospects, makes him a perfect partner for the team as they aim to grow their fanbase in the United States and attract more enthusiasts to Formula 1 racing.