• Loading stock data...
Sunday, November 17, 2024

Kelce, Mahomes Part of Group’s $210M Investment In F1 Team

  • The Alpine F1 team secured new investment of $220 million earlier this year.
  • Chiefs stars Patrick Mahomes and Travis Kelce are now joining the new group.
Denny Medley-USA TODAY Sports

The list of celebrities investing in the Alpine Formula 1 team just keeps growing.

The Renault-owned operation saw a $210 million capital infusion over the summer, led by Otro Capital and RedBird Capital Partners and including the participation of Hollywood stars Ryan Reynolds, Rob McElhenney, and Michael B. Jordan. The new group acquired a 24% stake in the Alpine team at a valuation of about $900 million.

Now, more big names across sports and entertainment are being added to the incoming investor list. 

Joining the capital investment are Kansas City Chiefs stars Patrick Mahomes and Travis Kelce, four-time major golf championship winner Rory McIlroy, boxer Anthony Joshua, and Liverpool and England national team star Trent Alexander-Arnold. While the figures are new investors, they are part of the $210 million infusion — and not bringing in additional money beyond that figure.

Alpine is currently in sixth place of F1’s constructors standings, over a hundred points behind fifth-place McLaren. The team’s drivers, Pierre Gasly and Esteban Ocon, sit in 11th and 12th place in the drivers standings, respectively.

At the time of the initial investment, Alpine CEO Laurent Rossi had said they needed to “reinvest into the team to accelerate our program of catchup, to be at the level of the very top teams.”

With five races left this campaign, that improvement will likely have to wait until next year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Why Netflix Won Big Despite Tyson-Paul Streaming Issues

60 million households worldwide watched the match.

How Taylor Swift’s Tour Is Fueling Blue Jays Owner’s Sports Empire

There have been multiple intersections between the company’s sports assets and the pop icon’s Canadian concerts.

Rays to Call Yankee Territory ‘Home’ for 2025 Due to Tropicana Repairs

Extensive damage from Hurricane Milton to Tropicana Field forces the unusual solution.

Indy 500 Open for F1 Drivers After Monaco GP Date Shift

The Monaco GP will be in June starting in 2026.
podcast thumbnail mobile
Front Office Sports Today

The SEC and Big Ten Are Driving College Football

0:00

Featured Today

Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.
November 15, 2024

How Women’s Sports Could Change in the Next Trump Era

Under the president-elect, Title IX could change drastically.
Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion
November 9, 2024

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.

Dallas Wings Secure No. 1 WNBA Pick Projected to be Paige Bueckers

Bueckers has endorsement deals with Nike and Gatorade and an equity stake in Unrivaled.
Nov 8, 2024; Minneapolis, Minnesota, USA; Portland Trail Blazers guard Anfernee Simons (1) works around Minnesota Timberwolves guard Donte DiVincenzo (0) in the third quarter at Target Center.
November 13, 2024

Trail Blazers Troll Fan With Gambling Addiction Helpline

The official account suggested that a complaining fan on X/Twitter should call 1-800-GAMBLER.
November 13, 2024

NHL’s Smallest-Market Team Is Breaking Records, Securing Its Future

Both wins and attendance are way up for the often-overlooked NHL franchise.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Nov 10, 2024; Arlington, Texas, USA; Philadelphia Eagles quarterback Jalen Hurts (1) throws a pass against the Dallas Cowboys in the game at AT&T Stadium.
November 11, 2024

Why Won’t Jerry Jones Hang Curtains for Cowboys Games?

AT&T Stadium put up curtains for “WrestleMania” and The Eras Tour.
November 10, 2024

Bucks Limited by Salary Cap Woes Amid Early-Season Struggles

Milwaukee is one of four teams above the NBA’s second apron this season.
November 7, 2024

Cardinals Return to DSG at Reduced Fee, but Company’s Issues Remain

The team’s revised rights deal includes a lowered fee and newly added streaming rights.
November 6, 2024

Chiefs Eye Perfect Season, Three-Peat, and Capitalizing Off the Field

Despite injuries and an abnormally low average margin of victory, the wins keep coming for Kansas City.