Aston Martin F1 bosses are bullish about future team valuations

Formula 1 teams are on course to rival top US sports franchises as the most expensive in the world following a boom in valuations, says Aston Martin F1’s commercial chief Jefferson Slack.

This month’s sale of a minority stake in Mercedes F1 valued the team at $6bn (£4.6bn), while McLaren were valued at around $5bn (£3.8bn) following an investor reshuffle in September.

Those numbers are dwarfed by valuations of the biggest NFL and NBA teams, such as the Dallas Cowboys and Golden State Warriors, but the gap is closing and Slack believes it is a matter of time before the sports achieve parity.

“There’s still a revenue multiple arbitrage for F1 teams at five, six, seven [times], but NBA teams are 10 or 12 wide,” he told Bla

See Full Page