More A-list investors, such as Travis Kelce, Patrick Mahomes, and Rory McIlroy, have joined Alpine F1 team.
The Alpine F1 team has received investment from a number of well-known athletes, including Premier League footballers Trent Alexander-Arnold and Juan Mata and boxing champion Anthony Joshua among others.
Alpine’s parent company, Renault Group confirmed back in June that it had sold a 24% ownership of its Formula One team to an investor group for €200 million. The total value of the enterprise was valued at €900 million.
Otro Capital, RedBird Capital Partners, and Maximum Efforts Investments are the other members of the consortium. The latter is led by Hollywood stars Ryan Reynolds and Rob McElhenny, who already own Wrexham AFC, and is also named as a co-investor along with fellow actor Michael B Jordan.
With the introduction of new investors, Otro Capital which is an affiliate of the consortium that organized this acquisition, has increased the number of investors who have investment interests towards Alpine.
The Kansas City Chiefs’ Mahomes and Kelce are the most notable NFL players. Both players have won multiple Super Bowls, and Kelce’s fame has grown recently as a result of his connection with pop sensation Taylor Swift.
Additionally, golfer Rory McIlroy, boxer Anthony Joshua, and Premier League footballer Trent Alexander-Arnold include more athletes involved in the deal. Also on the list is Juan Mata, another football player along with Roger Ehrenberg, a Miami Marlins and Real Salt Lake investor.
“I’m excited to be joining Otro Capital’s group as an investor into Alpine F1 along with my brother Tyler,” Alexander-Arnold, who has been showing interest in Formula 1 after attending F1 races over recent seasons said.
“Having been to Formula 1 races as a fan, I love the high-pressure environment of the paddock and I’ve seen first-hand how incredibly impressive the Alpine team is.
“Our shared goal as an investment group is to help contribute to its continued success on the grid, at a time when F1 is facing incredible growth as a sport.
“As a footballer, I understand the importance of teamwork, innovation and determination in achieving goals.”
A statement from Otro Capital company read: “The addition of these championship-winning international athletes and sports investors will bolster Otro Capital’s strategic partnership with Alpine F1, combining premium expertise across different areas of the sports ecosystem and driving Alpine F1’s reach to a world of new fans.
“The new investors will help drive global awareness for Alpine F1 and will further complement Otro Capital’s contributions in areas such as media, sponsorship, ticketing, hospitality, commercial rights management, licensing and merchandising.
“Otro Capital is excited to welcome these new strategic partners into its existing group of premiere investors in Alpine F1, which includes RedBird Capital Partners, Maximum Effort Investments, the Huntsman Family and Main Street Advisors.”
Despite the introduction of new investors, the consortium’s ownership of Alpine will not increase. Instead, it was done to increase global awareness for Alpine F1 and to complement Otro Capital’s contributions in areas like media, sponsorship, ticketing, hospitality, commercial rights management, licensing, and merchandising.
Since the initial investment was made in June, a lot has changed at the Alpine team. Former Alpine team principal Otmar Szafnauer and longstanding employee Alan Permane were both fired from their roles, while Laurent Rossi has been transferred from his CEO position to the role of special projects.
Alpine is currently in sixth place in the Constructors standings,129 points behind McLaren and 67 points clear of Williams as Formula 1 heads back to United States.
