Welcome to Formula1 @ Lemmy.world Lemmy's largest community for Formula 1 and related racing series
| Location | Date |
|---|---|
| πΊπΈ United States | 21-23 Nov |
| πΆπ¦ Qatar | 29 Nov-01 Dec |
| π¦πͺ Abu Dhabi | 06-08 Dec |
Stupid headline makes it sound like he sold his stake @ Β£1bn. The team was valued at 1bn, the shares sold were a minority fraction of shares and Stroll retains both majority ownership and control.
I think the use of valuation at the end helps salvage the meaning a little. Considering titles are supposed to be as short as possible, this was a good attempt
"Owner sells stake at valuation" can easily be "owner sells partial/minority/percentage of stake at valuation" they know what they were doing.
The title is intentionally misleading instead of being short and accurate
Fuck that headline I thought the Strolls were gone
Apart from Stroll Jr. that wouldn't be benificial for ASMR as a team.
Sold a minority stake-
Nothing to see here, just Papa Stroll liquidating some assets to keep building/fixing cars and doing PR band-aids for Baby Stroll.