Aston Martin: Crystal Palace and New York Jets owner Woody Johnson buys stake in British Formula 1 team

Johnson is the owner of NFL side the New York Jets and has a 43 per cent stake in Premier League side Crystal Palace.

His family business, Johnson & Johnson, is estimated to have a net valuation of $20.5b (£15.1b), as of June 2026.

Johnson will join the Aston Martin board of directors as vice chairman with immediate effect but his stake amount is currently unclear.

Lawrence Stroll currently owns 33 per cent of the team with the remaining 67 per cent split among several high-profile private equity firms, sovereign entities, and strategic investors.

An Aston Martin statement said: "The investment further demonstrates the strong appeal and positive momentum of the team at a time of unprecedented growth for Formula 1, particularly in the United States.

"Johnson's focus will be to support the team's commercial growth, especially in the United States, but he will not undertake any day-to-day management duties. As executive chairman and controlling shareholder, Lawrence Stroll will continue to manage and control the company."

Aston Martin are currently 10th in the Constructors' Championship after a poor first half of the season and start to their new power unit partnership with Honda.

A combination of Aston Martin starting work on their 2026 car late and Honda not meeting their targets for the new power unit regulations has put them on the back foot.

However, they brought an upgrade to the last race in Hungary and Honda have an engine upgrade at this weekend's Dutch Grand Prix.

Johnson said: "During my time as US Ambassador to the United Kingdom, I have developed a deep appreciation for Aston Martin's rich history, as well as Lawrence Stroll's strategic vision and entrepreneurial spirit.

"I am excited to partner with him and contribute to the continued development of the team, with the ambition of building an organisation capable of competing at the very highest level of the sport.

"We also share a commitment to growing the fanbase in the United States and introducing even more fans to the excitement of Formula 1."

Friday August 21 11am: Dutch GP Practice (session starts at 11.30am) 12.55pm: F1 Academy Practice 2.30pm: Team Bosses' Press Conference 3pm: Dutch GP Sprint Qualifying (session starts at 3.30pm)

Saturday August 22 8.15am: F1 Academy Qualifying 10am: Dutch GP Sprint build-up 11am: DUTCH GP SPRINT* 1.30pm: F1 Academy Race 1 2.20pm: Dutch GP Qualifying build-up* 3pm: DUTCH GP QUALIFYING* 5pm: Porsche Supercup Race 1

Sunday August 23 9.35am: F1 Academy Race 2 10.50am: Porsche Supercup Race 2 12.30pm: Grand Prix Sunday: Dutch GP build-up 2pm: THE DUTCH GRAND PRIX 4pm: Chequered Flag: Dutch GP reaction

The Formula 1 season resumes after the summer break with a Sprint weekend at the Dutch Grand Prix from Friday, with every session live on Sky Sports. Stream Sky Sports with NOW - no contract, cancel anytime