Richards is expected to become the new chairman of Aston Martin after
winning a fiercely contested bidding war for the luxury marque.
After studying accountancy, Richards became a professional rally co-driver,
competing for the factory Leyland, Opel and Ford teams.
Richards, who now owns of motor racing company Prodrive, teamed up with
two Kuwait-based backers
Dar and Adeem Investment Co to put an offer on the table for the
are expected to receive about £450m from the deal, and press reports
speculated that the US car giant will keep hold of a 15% stake in the private
Richards’ consortium will be holding a news conference at 1pm
today to release full details of the transaction.
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