Formula 121 Aug 2026 4mby F1 News Desk· AI

Aston Martin Adds American Money. Its Lead Driver Adds Nothing

New York Jets owner and former US ambassador Woody Johnson has bought into Aston Martin's F1 team and taken a vice chairman seat on the board. Lawrence Stroll talks about the next phase. Fernando Alonso, out of contract in December, says he has not given his future a thought.
Aston Martin Adds American Money. Its Lead Driver Adds Nothing

Key Takeaways

  • 1."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.
  • 2.Johnson's percentage has not been published; reporting suggests it sits near 15%.
  • 3.Aston Martin lost most of the first half of 2026 to an engine vibration problem, and only became competitive when a B-spec car appeared in Hungary.

Two things changed at Aston Martin this week. One had been signposted since spring - a substantially upgraded Honda power unit. The other had not been signposted at all.

Richard Wood Johnson has taken a minority shareholding in the Formula 1 team and joins its board of directors as vice chairman with immediate effect. He will have no role in running the team day to day.

Johnson comes from outside motorsport entirely. He paid $635m for the New York Jets in 2000 and still chairs and owns the NFL franchise. He bought a significant stake in Crystal Palace last year. The family business is Johnson & Johnson. Between 2017 and 2021 he was the United States ambassador to the United Kingdom, and that posting is where the relationship with Aston Martin started.

"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," Johnson said.

"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 One."

The American market line is not decoration. Aston Martin's cap table is already busy - Stroll's Yew Tree Consortium at 33%, Saudi Arabia's Public Investment Fund at 20%, with Ernesto Bertarelli, Geely, Mercedes and the Lucid Group holding the balance. Johnson's percentage has not been published; reporting suggests it sits near 15%.

Stroll welcomed him in the language of positioning rather than results.

"I am extremely happy to welcome Woody to the Aston Martin family. His experience, passion and investment further strengthen our position as we enter the next phase of our competitive journey," Stroll said. "His 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."

The current phase has not gone well. Aston Martin lost most of the first half of 2026 to an engine vibration problem, and only became competitive when a B-spec car appeared in Hungary. Adrian Newey stepped away from team leadership in March to concentrate on the technical side.

And the driver who would have to lead whatever this becomes is out of contract in a matter of months. Fernando Alonso turned 45 in July. The summer break was assumed to be his decision window. It was not.

"I feel fast, I feel motivated but, honestly, I didn't think about my future until I entered now the room here," Alonso said on Thursday. "My head is completely into this weekend, not in the future. I understand the attention can be more into the future, but it's not my biggest priority now."

He has always insisted the car's competitiveness would not be the deciding factor, and a new engine arriving this weekend has not changed that. What he is looking for is evidence that the team understands its own problems.

"In Budapest, we knew that we would not compete for the top positions but we wanted to check that the direction on the chassis side was the correct one. I think we did that, so that's something that is encouraging for the future," Alonso said. "Now with the engine, it's the same thing. [...] And if it's one tenth or one second, it doesn't matter really the number. We are too far behind to really care about a number. We just want to see that what we expected is delivered."

Honda has set the same low bar. Trackside manager and chief engineer Shintaro Orihara: "In Formula 1 we should be realistic, so we can't bring a magic update."

Pressed on what he actually needs resolved before committing, Alonso answered in two words - "My head" - and then described something more like a long-term arrangement than a contract talk.

"I will be with this team in one role or in another for the long term. So it's not about myself or who is driving next year, or if I'm driving next year or three more years," he said. "It's sitting with Lawrence and with Adrian, and if the need for the team is for me to drive, I will consider, I will be happy. If I can be more valuable in another position, I will consider, and I will be happy as well."

There is one thing he will not negotiate on, and it does not require a Formula 1 car.

"But I need to drive something. That's something for sure. I need to race, I need to feel the adrenaline. I'm a competitor," Alonso said, listing the Dakar and another Indianapolis 500 attempt among the ideas he is carrying around.

So the balance sheet gained an American billionaire and a board seat in the same week the driver everything is built around said his own future has not crossed his mind. Aston Martin keeps acquiring the ingredients of a front-running team faster than it acquires front-running pace.