NFL team owner acquires stake in Aston Martin

New York Jets owner Woody Johnson has been appointed Vice Chairman of Aston Martin’s Board of Directors following his acquisition of a minority stake in the company. Johnson, who previously served as the US Ambassador to the United Kingdom, brings extensive experience in sports ownership, including a 43% stake in Premier League side Crystal Palace and his long-standing role with the New York Jets, which he purchased in 2000. His appointment was announced ahead of the Dutch Grand Prix, with Aston Martin emphasizing that he will not assume day-to-day management responsibilities, which will remain with Executive Chairman Lawrence Stroll.

Johnson’s involvement is expected to provide Aston Martin with new global opportunities, leveraging his business network and industry expertise. The move aligns with the team’s ambitions to strengthen its competitive position in Formula 1, where Aston Martin currently sits 10th in the constructors’ standings. Recent upgrades introduced at the Hungaroring and an upcoming power unit debut this weekend reflect the team’s efforts to improve performance, with Honda as a key partner in these developments.

Aston Martin Executive Chairman Lawrence Stroll welcomed Johnson’s appointment, highlighting his experience, passion, and investment as strengthening the team’s position during a critical phase. Stroll noted Johnson’s appreciation for the brand and his commitment to innovation and commercial growth, framing the partnership as beneficial for the team’s future competitiveness and organizational development.

Johnson, who developed a deep appreciation for Aston Martin during his tenure as US Ambassador to the United Kingdom, expressed excitement about joining the team. He emphasized a shared vision with Stroll to build an organization capable of competing at the highest level of Formula 1, while also focusing on expanding the team’s fanbase in the United States and growing interest in the sport.