Latest news with #racingteam
Bloomberg
20 hours ago
- Automotive
- Bloomberg
Aston Martin Stake Sale Set to Value F1 Team at £2.4 Billion
The Aston Martin Formula One team will be valued at roughly £2.4 billion ($3.2 billion) in its latest stake sale, as demand to invest in the sport shows no sign of slowing. Aston Martin Lagonda Global Holdings Plc, the listed carmaker, has agreed to sell its minority stake in the racing team for £110 million, it said Wednesday. A binding letter of intent has been signed with a buyer at a £2.4 billion valuation, Chief Executive Officer Adrian Hallmark said in an interview. He declined to name the buyer, saying the deal had yet to complete.
South China Morning Post
31-05-2025
- Climate
- South China Morning Post
High spirits as Hong Kong's Dragon Boat Festival kicks off amid strong winds
Hong Kong dragon boat racers are in high spirits for Tuen Ng Festival, despite strong winds, with tourism authorities expecting a 14 per cent increase in mainland Chinese visitors compared with previous weekends. A tourism spot, where the Stanley International Dragon Boat Championship is taking place, was packed with racing teams and residents on Saturday morning. 'The weather today is a little windy, which may affect our performance,' said Alan Chan, team captain of the West Kowloon Cultural District's Dragon Boat team. 'Given the wind, there could be big waves when we go out to the sea later, which would affect our results. The waves were not that big when we practised. We will do our best.' The team, joining the competition at Stanley Main Beach for the first time, said they had completed seven two-hour lessons to prepare for the event. While some may view the weather as an obstacle, others believe it can give them a boost.
The Standard
07-05-2025
- Sport
- The Standard
Ka Ying Rising blows rivals away in Chairman's Sprint Prize
Ka Ying Rising claims his 12th consecutive victory in dominant fashion to the delight of Zac Purton and trainer David Hayes.
