SILVERSTONE, England (AP) 鈥� New York Jets owner Woody Johnson has bought a minority stake in team Aston Martin.
The British racing team didn’t disclose financial terms but said the former U.S. ambassador to the United Kingdom will focus his attention on 鈥渃ommercial growth, especially in the United States.鈥�
In addition to his controlling interest in the NFL club, Johnson .
Johnson will join Aston Martin’s board of directors as vice chairman but won’t undertake any day-to-day management duties, the team said.
Aston Martin executive chairman and controlling shareholder Lawrence Stroll will continue to manage and control the company. He said Johnson’s 鈥渆xperience, passion and investment further strengthen our position as we enter the next phase of our competitive journey.
鈥淗is deep appreciation for our brand, combined with his commitment to innovation and commercial opportunity, makes him an ideal partner as we look to the future,鈥� Stroll said.
Aston Martin’s announcement noted Johnson’s 鈥渃onsiderable network of influential relationships.鈥�
Johnson said that during his time as ambassador to the U.K. during President Donald Trump’s first term, he 鈥渄eveloped a deep appreciation for Aston Martin鈥檚 rich history鈥� and Stroll鈥檚 vision.
鈥淲e also share a commitment to growing the fanbase in the United States and introducing even more fans to the excitement of Formula 1,鈥� Johnson said in the announcement.
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