• Loading stock data...
Saturday, February 22, 2025

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

‘Shrinking Platform’: MLB, ESPN to Split After 35 Years

Manfred cites multiple issues with ESPN’s MLB coverage, business health.

NBA Dealt Major Blow With Wemby’s Season-Ending Blood Clot

The 21-year-old was named an All-Star this year.

MLS Begins Season With More Messi Mania, Apple Streaming Changes

Inter Miami is once again the betting favorite to win the MLS Cup.

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.

Featured Today

Dec 31, 2024; Durham, North Carolina, USA; Virginia Tech Hokies forward Tobi Lawal (1) and Duke Blue Devils center Khaman Maluach (9) battle for the opening tip during the first half at Cameron Indoor Stadium.

House v. NCAA Settlement Creates Potential Crisis for International Athletes

Revenue-sharing payments could violate international student visa laws.
Nov 2, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins goaltender Alex Nedeljkovic (39) stretches during a time-out against the Pittsburgh Penguins in the second period at PPG Paints Arena
February 21, 2025

Behind the Mask: The Artists Creating Hockey’s Iconic Goalie Style

The art and business of outfitting pro netminders.
Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.
February 16, 2025

Inside the Push for the NHL’s Next Era of International Competition

Players have been clamoring, and the league is all in.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.

Yankees Loosen Facial Hair Rules, Opening Door for More Free Agents

The MLB club trims its oft-debated policy after a half-century.
Jul 27, 2024; Inglewood, CA, USA; Manchester United head coach Erik ten Hag watches a game against the Arsenal from the sideline during the first half at SoFi Stadium.
February 19, 2025

Manchester United Revenue Down Double-Digits Amid Mass Layoffs

Missing the Champions League has hurt broadcast revenue.
Jan 5, 2025; Green Bay, Wisconsin, USA; Green Bay Packers tight end Tucker Kraft (85) rushes with the football after catching a pass during the first quarter against the Chicago Bears at Lambeau Field.
February 19, 2025

Bears Raise Season-Ticket Prices 10% After Five-Win Season

The Bears went 5–12, then raised prices for the second straight year.
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.
Tee Higgins
February 18, 2025

Could Tee Higgins Be the Only NFL Player Franchise-Tagged This Year?

NFL teams appear to be using the tag sparingly this winter.
February 14, 2025

Giants Open to Selling Minority Stake; Will Eli Manning Be Involved?

A forthcoming deal could set a record for a sports team valuation.
February 13, 2025

Red Sox Return to Big Spending With $120M Alex Bregman Deal

The contract with the former Astros star revives a prior franchise mentality.
Nov 26, 2024; Minneapolis, Minnesota, USA; Alex Rodriguez watches as the Minnesota Timberwolves lose to the Houston Rockets in overtime at Target Center.
February 11, 2025

Glen Taylor Has ‘Limited’ Legal Options to Keep Timberwolves

One litigator says it’s usually “very hard to vacate an arbitration award.”