F1: After Ryan Reynolds, Alpine Formula 1 Team Secures Investment from Top Athletes
The Alpine F1 Team has recently attracted a number of high-profile athletes from around the world as investors. Otro Capital, a group of investors, put up 200 million euros and bought about 24% of the squad earlier in 2023.
By Divyam Dubey
Alpine F1, which is owned by Renault, received a lot of money and fame early this year. Actors Ryan Reynolds, Michael B. Jordan, and Rob McElhenney, along with their investment firm Otro Capital, have thrown 200 million euros into the squad. This investment gained widespread media coverage, which boosted Alpine's profile in the racing world. But that wasn't the end of the team's appeal. After that, a number of famous athletes from all around the world became investors in Alpine. This esteemed group includes Kansas City Chiefs quarterback Patrick Mahomes, alongside his teammate, tight end Travis Kelce. Rory McIlroy represents golf, and former heavyweight champion Anthony Joshua brings star power to the side as a boxing legend. Trent Alexander-Arnold and Juan Mata, two football legends, have also joined the team as investors. Their involvement reflects the team's growing global appeal, uniting both the worlds of motorsport and a range of other sports under the Alpine Formula 1 banner.
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Travis Kelce said: "I am thrilled to lead an investor group and join forces with Patrick and the team at Otro Capital on this exciting venture with Alpine F1. Our shared passion for excellence and innovation forms the cornerstone of this partnership. It’s about being able to contribute to a sport that demands precision, teamwork, and relentless pursuit of success. I am looking forward to this new chapter and can’t wait to see what we achieve together.”
Patrick Mahomes said: "I’ve always had a passion for all sports. The opportunity to lead an investor group with Travis in Alpine F1 alongside Otro Capital was one I couldn’t pass up. It’s an exciting time for the sport and this is an opportunity to bring our shared values to the world stage. I’m looking forward to being a part of its growth.”
Anthony Joshua said: "The chance to strategically invest with Otro Capital in Alpine was an opportunity I couldn’t ignore. The heritage of the team, mixed with the global growth of Formula 1 as a sport and brand made this a very serious proposition. I am excited to start this journey with Otro and a great group of fellow investors and hope to help the team achieve its full potential.”
Rory McIlroy said: "Passion for excellence on the golf course has led me to admire the same pursuit in Formula 1. Partnering with Otro Capital in Alpine F1 is an exhilarating venture that unites my love for sports, competition, and the relentless drive to be the best.”
Also joining the group of investors are former Manchester United and Chelsea footballer Juan Mata, as well as Roger Ehrenberg, founder of Eberg Capital, an investor in the Miami Marlins and Real Salt Lake.
Alexander said: "I’m excited to be joining Otro Capital’s group as an investor in Alpine F1 along with my brother Tyler. 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.”
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F1: Alpine's 2023 Season So Far
Alpine is currently in the bottom five in the constructor championship standings with only five races remaining in the 2023 season, starting with the 2023 United States Grand Prix in Austin, Texas. Because of McLaren's recent success, Alpine is now playing catch-up following the Austrian Race.
Alpine's potential has been demonstrated by the fact that both Esteban Ocon and Pierre Gasly have taken home a podium result so far this season. However, the team's overall performance and consistency have been less than stellar.
With 90 points, Alpine is now sixth in the standings. McLaren, however, has moved up to challenge Aston Martin for fourth spot after a string of podium performances. The Alpine team as a whole has had a lacklustre season, and they have a lot of work to do in the remaining races if they want to move up in the constructor championship standings.
