-2
submitted 2 years ago by bwoah@lemmy.world to c/formula1@lemmy.world
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[-] CaptDust@sh.itjust.works 55 points 2 years ago* (last edited 2 years ago)

Stupid headline makes it sound like he sold his stake @ ยฃ1bn. The team was valued at 1bn, the shares sold were a minority fraction of shares and Stroll retains both majority ownership and control.

[-] Sentau@feddit.de -5 points 2 years ago

I think the use of valuation at the end helps salvage the meaning a little. Considering titles are supposed to be as short as possible, this was a good attempt

[-] CaptDust@sh.itjust.works 4 points 2 years ago* (last edited 2 years ago)

"Owner sells stake at valuation" can easily be "owner sells partial/minority/percentage of stake at valuation" they know what they were doing.

[-] cosmicrookie@lemmy.world 3 points 2 years ago

The title is intentionally misleading instead of being short and accurate

[-] SaakoPaahtaa@lemmy.world 35 points 2 years ago

Fuck that headline I thought the Strolls were gone

[-] Species8472@discuss.tchncs.de 2 points 2 years ago

Apart from Stroll Jr. that wouldn't be benificial for ASMR as a team.

[-] BowtiesAreCool@lemmy.world 16 points 2 years ago

Sold a minority stake-

[-] Zane@aussie.zone 7 points 2 years ago

archive.ph link since 12ft.io is blocked by Bloomberg

[-] Ecksell@lemmy.one 4 points 2 years ago

Nothing to see here, just Papa Stroll liquidating some assets to keep building/fixing cars and doing PR band-aids for Baby Stroll.

this post was submitted on 16 Nov 2023
-2 points (48.1% liked)

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