Mahomes, Kelce and McIlroy join Alpine F1 investors
Kansas City Chiefs quarterback Patrick Mahomes, tight end Travis Kelce and golfer Rory McIlroy have joined a group of high-profile athletes who have invested in the Renault-owned Alpine Formula One team.
Otro Capital, which bought the team in June with RedBird Capital Partners and Hollywood actors Ryan Reynolds and Rob McElhenney, announced on Tuesday the arrival of new members in its investment group.
They include former world heavyweight boxing champion Anthony Joshua and footballers Trent Alexander-Arnold and Juan Mata. Roger Ehrenberg, an investor in the Miami Marlins baseball team and Major League Soccer club Real Salt Lake, also participated in the deal.
“These are top-notch investors, athletes, artists and entrepreneurs, all committed to driving the Alpine F1 team forward,” said Alec Scheiner, co-founder of Otro Capital, in a press release. Otro said they would help complete work in the areas of media, sponsorship, ticketing, hospitality, commercial rights management, licensing and merchandising.
The announcement comes the week of the United States Grand Prix in Austin, Texas, and a night race in Las Vegas in November. “I have always been passionate about all sports. I couldn’t pass up the opportunity to lead an investor group with Travis in Alpine F1 alongside Otro Capital,” Mahomes said.
“This is an exciting time for sport and an opportunity to bring our shared values to the world stage. I look forward to being a part of its growth.”
Otro is part of a group of investors that paid 200 million euros for a 24% stake in Alpine. The operation valued the British team at around $900 million. RedBird, led by Gerry Cardinale, a former Goldman Sachs banker, is an investor in Fenway Sports Group, the owner of Liverpool and the Boston Red Sox baseball team.
2023-10-17 16:07:18
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