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Saturday, February 24, 2024
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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.

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