P1racenews AI automatic summary:
Premier League footballers and champion boxer among Alpine F1 investors
In June, the Renault Group sold a 24% stake in its grand prix team to an investor group for €200 million, valuing the team at €900 million. The consortium includes Otro Capital, RedBird Capital Partners, and Maximum Efforts Investments, led by actors Ryan Reynolds, Rob McElhenny, and Michael B Jordan. Other sports stars, such as golfer Rory McIlroy, boxer Anthony Joshua, and footballer Juan Mata, have also contributed to the investment. Alexander-Arnold, who is connected to Otro Capital through its investment partner RedBird Capital Partners, has joined as an investor along with his brother Tyler. The new investors will provide expertise and help drive global awareness for Alpine F1 in areas such as media, sponsorship, and merchandising.
Source: motorsport
