Woody Johnson Buys Stake in Aston Martin F1

Robert Wood Johnson, heir to the Johnson & Johnson pharmaceutical empire, has purchased a minority stake in Aston Martin's Formula 1 racing team. The 79-year-old businessman, who also owns the NFL's New York Jets and acquired a major stake in Premier League team Crystal Palace last year, has joined the Aston Martin board as vice chairman.

This investment represents Johnson's latest move into European sports after his recent acquisition of Crystal Palace. His involvement brings additional financial resources and business expertise to the F1 team as they continue to develop their racing program. grenadier.co.za