British-Nigerian boxer Anthony Joshua, Kansas City Chiefs quarter-back Patrick Mahomes, Liverpool full-back are the latest list of high profile athletes that have joined forces with Otro Capital in owning a stake in Formula 1 team, Alpine.
Otro Capital announced a €200 million investment in the French team back in June in exchange of a 24% equity stake. Hollywood Stars Ryan Reynolds and Rob McElhenney through their firm, Maximum Effort Investments, were among the lead partners and have now been joined by not only Joshua, Mahomes and Alexander-Arnold but also Northern Irish golfer Rory McIlroy, Kansas City Chiefs tight end Travis Kelce and retired Spanish footballer Juan Mata.
Speaking on joining Otro Capital, Joshua said: “The chance to strategically invest with Otro Capital in Alpine was an opportunity I couldn’t ignore. The heritage of the team, mixed with the global growth of Formula 1 as a sport and brand made this a very serious proposition. I am excited to start this journey with Otro and a great group of fellow investors and hope to help the team achieve its full potential.”
This year’s Super Bowl champion Mahomes said: “I am thrilled to lead an investor group and join forces with Patrick and the team at Otro Capital on this exciting venture with Alpine F1.
“I’ve always had a passion for all sports. The opportunity to lead an investor group with Travis [Kelce] in Alpine F1 alongside Otro Capital was one I couldn’t pass up.
“It’s an exciting time for the sport and this is an opportunity to bring our shared values to the world stage. I’m looking forward to being a part of its growth.”
BREAKING: Star athletes invest in @AlpineF1Team
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— Formula 1 (@F1) October 17, 2023
Alexander-Arnold’s statement read: “I’m excited to be joining Otro Capital’s group as an investor into Alpine F1 along with my brother Tyler.
“Having been to Formula 1 races as a fan, I love the high-pressure environment of the paddock and I’ve seen first hand how incredibly impressive the Alpine team is.
“Our shared goal as an investment group is to help contribute to its continued success on the grid, at a time when F1 is facing incredible growth as a sport. As a footballer, I understand the importance of teamwork, innovation, and determination in achieving goals.”
Renault-powered Alpine currently sit in sixth place in this season’s constructors’ championship with 90 points after 17 and are 129 points behind fifth-placed McLaren with five races left to conclude the season.
