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Adrian Newey Joins Aston Martin in Major Formula 1 Role

Posted : 10 September 2024

Adrian Newey, renowned as one of the greatest Formula 1 designers, has signed a new contract with Aston Martin, officially announced at the team's Silverstone base. At 65 years old, Newey assumes the role of managing technical partner and has also become a shareholder in the team. The details of the contract, which were initially undisclosed, have been revealed to span five years, with a potential annual value reaching up to £30 million, including performance bonuses.

 

Newey’s impressive contract places him among the highest earners in the sport, just behind top figures like Max Verstappen, Lewis Hamilton, and Lando Norris. According to Forbes, his compensation places him behind only a few prominent British sports figures such as Anthony Joshua, Rory McIlroy, and Tyson Fury. This significant investment underscores Aston Martin's ambitious plans for future success.

 

Newey expressed his enthusiasm for the role, highlighting his admiration for team owner Lawrence Stroll’s vision and dedication. Stroll has already made substantial investments in the team, including a new factory equipped with a cutting-edge wind tunnel and a future engine partnership with Honda starting in 2026. This partnership will replace Honda's current alliance with Red Bull, the reigning world champions.

 

The team's excitement over Newey's appointment was echoed by Fernando Alonso, who views the move as a pivotal step in Aston Martin's evolution. Alonso, who is contracted with the team until the end of 2026 alongside Lance Stroll, described the day as a landmark moment in the team’s history, reflecting the ambitious trajectory set by Stroll and the future potential with Newey on board.

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