Aston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion Valuation
https://www.bloomberg.com/news/articles/2023-11-16/aston-martin-owner-stroll-sells-f1-stake-at-1-billion-valuationOpen linkView original on lemmy.worldhttps://www.bloomberg.com/news/articles/2023-11-16/aston-martin-owner-stroll-sells-f1-stake-at-1-billion-valuationOpen linkView original on lemmy.world
Stupid headline makes it sound like he sold his stake @ £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-
archive.ph link since 12ft.io is blocked by Bloomberg
Nothing to see here, just Papa Stroll liquidating some assets to keep building/fixing cars and doing PR band-aids for Baby Stroll.
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You read the title and bit the article ... The title is very misleading not to say directly wrong