A group of renowned sports stars has invested in the Alpine Formula 1 team, adding their star power to the already impressive lineup. Notable figures such as golfer Rory McIlroy, boxer Anthony Joshua, footballer Trent Alexander-Arnold, and NFL star Patrick Mahomes have teamed up with Otro Capital, which already owns a substantial 24% stake in Alpine.
This investment venture, which initially took place in June alongside RedBird Capital, as well as actors Ryan Reynolds and Rob McElhenney, valuing the Renault-owned team at around £706 million. The collective aim is to expand Alpine’s global presence and increase its fanbase through the involvement of these high-profile sports personalities. Follow your favourite F1 team with attractive F1 betting odds from Nextbet.
Rory McIlroy, currently ranked as the world’s number two golfer, expressed his enthusiasm for the project, stating, “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.”
Two-time unified world heavyweight boxing champion Anthony Joshua also shared his perspective, saying, “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.”
However, Alpine, despite their promising fourth-place finish in the world championship last year, has encountered a challenging 2023 season and currently sits sixth among the ten teams in the constructors’ standings with five races remaining this year.
This season’s struggles led to significant changes within the team, with Alpine making the decision to replace their chief executive officer, team principal, and sporting director in a matter of weeks after the initial investment by Otro and RedBird. The new investors will likely bring fresh energy and support to help Alpine regain its competitive edge.
As the Formula 1 season progresses, the motorsport world will be watching closely to see how the infusion of star power and investment impacts Alpine’s performance on the track. Get the latest updates from the world of F1 only on Nextbet Sports.