Lance is the son of Billionaire Canadian businessman Lawrence Stroll and Claire-Anne Callens. Formula One F1 – Eifel Grand Prix – Nurburgring, Nurburg, Germany – Racing Point’s Lance Stroll wearing a protective face mask ahead of the Grand Prix REUTERS/Wolfgang Rattay. Unravelling the sale of Williams Grand Prix Engineering is not easy. “This is the end of an era for Williams as a family-owned team, but we know it is in good hands,” says Claire Williams, currently team principal and the daughter of team founder Sir Frank Williams. Racing Point has put the cash-starved Force India days behind it and now has the resources to show Formula One what it can really do, the Canadian-owned team said on Wednesday. Lance Stroll is a 21-year old Canadian F1 racing driver who also holds second citizenship – in Belgium. Lawrence bought an F1 team for his son Lance and renamed it to Racing Point BWT Mercedes. Racing Point released a statement on Wednesday to clarify the timeline around Stroll’s positive COVID-19 test as CEO and team principal Otmar Szafnauer insisted that all … Racing Point team principal Otmar Szafnauer hit back, claiming his team's new car has been a result of significant investment in its design office and not due to its relationship with Mercedes. Fiat’s Purchase of 50% (1969-1988) To make things even more interesting, right after the failed negotiations with Ford, Ferrari sold 50% of the company to Fiat. “It ensures the team’s survival, but importantly provides […] Lando funny meme man haha sbinala haha vettel sbin haha ferrari bad haha very funny alphamaxnova … 254k members in the formuladank community. ... has been involved in F1 and motor racing for years and also owns Canada's Mont-Tremblant circuit in … Lawrence Stroll's Formula One team Racing Point will be renamed Aston Martin in 2021. However, in January 2020, Lawrence Stroll purchased a 16.7% stake in the British car manufacturer Aston Martin. Racing Point are set to morph into Aston Martin works team for the 2021 Formula 1 season, following a significant investment into the iconic British automobile brand by a consortium led by Racing Point’s current owner, Lawrence Stroll. Fittingly, he owns one- Racing Point F1 Team, which will race under the moniker of Aston Martin next season. Now Canadian billionaire, fashion tycoon, and Racing Point Formula 1 team owner Lawrence Stroll has taken a substantial stake in the company, so the roller coaster ride is not over. The team raced under the Racing Point name for two seasons. But how did the Canadian earn his big bucks?