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Founder of Prodrive leading bid for Aston Martin

February 21, 2007 3:58PM by Michael Savio

aston-martin-rally-gt

David Richards, founder of Prodrive, is leading a consortium to buy Aston Martin, according to the Financial Times. Citing inside sources, Richards’ Prodrive consortium is one of three bidders left in the running for Aston Martin after the bidding process for Aston closed last month.

The Prodrive consortium’s bid is said to be about £450 million, which put it in the final round for Aston. The other remaining suitors are  Doughty Hanson & Co., and Syrian-born property magnate Simon Halabi.

Prodrive currently runs Aston Martin’s racing team,  and the two companies combined to produce the Aston Martin Rally GT (shown). Prodrive is also setting up a Formula One team that will begin racing in 2008. If Prodrive wins the bidding process for Aston Martin, it’ll be interesting to see if its F1 team becomes the Aston Martin racing team.

## Source: MarketWatch ##

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