The Renault Group and Alpine Racing Ltd has finalised the investment from Otro Capital which was announced earlier in F1 2023 season.

Back in June, Renault and Alpine announced about selling equity stake in the F1 team to group of investors under the Otro Capital banner. The said amount was noted to be €200 million for 24% of equity stake to support the growth of the French outfit.

As months progressed, Alpine and Otro Capital informed about multiple investors joining the fray which included RedBird Capital Partners and Maximum Effort Investments. It listed some big names from the world of sports and entertainment.

Come to December, the deal is finally closed between Alpine and Otro Capital and following the transaction, Alpine Racing Ltd is valued at $900 million. While the investments doesn’t co-relates directly to performance gain, but the money will help the F1 team to grow.

Co-founder and partner of Otro Capital Alec Scheiner has joined the Alpine board with the closure of the deal. Here’s the list of people part of the investment –

  • Patrick Mahomes: Kansas City Chiefs quarterback, two-time NFL MVP and two-time Super Bowl MVP.
  • Travis Kelce: Kansas City Chiefs tight-end, eight-time consecutive NFL Pro-Bowl and two-time Super Bowl champion.
  • Rory McIlroy: four-time golf major championship winner and currently ranked #2 in the world. Rory invested through Symphony Ventures Capital, a partnership that supports innovative companies in healthcare, technology, and sports.
  • Anthony Joshua: Olympic boxing gold medallist and two-time former unified world heavyweight champion.
  • Trent Alexander-Arnold: England international soccer player, Champion’s League Champion, and Premier League Champion with Liverpool F.C. (UK).
  • Juan Mata: Professional football player, World and Euro Cup winner with the Spanish National team. Ex-Manchester United and Chelsea player. Co-Founder of the organization, Common Goal.
  • Roger Ehrenberg: founder of Eberg Ventures, investor in the Miami Marlins and Real Salt Lake.

Here’s Alpine undertaking immersion programme

Here’s Alpine on Davide Brivio leaving the F1 team

Here’s Alpine retaining Abbi Pulling

Here’s Esteban Ocon on lack of consistency in F1 2023

Here’s last on the investment

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