A group of high-profile sporting stars have joined as co-investors for a $200m stake in the Alpine Formula One team
Esteban Ocon of the Alpine F1 team in the pitlane during the Qatar Grand Prix – the Frenchman took the team’s only victory under their current name in 2021.Esteban Ocon of the Alpine F1 team in the pitlane during the Qatar Grand Prix – the Frenchman took the team’s only victory under their current name in 2021.Last modified on Tue 17 Oct 2023 22.03 CEST
“I am delighted to lead an investor group investing in Alpine F1,” he said. “The opportunity is very exciting, F1 is growing massively worldwide and I look forward to contributing to that growth. The sport brings together teamwork, pinpoint accuracy and innovation in a pressure-filled environment, these are aspects of my game we have in common.”
The Apex group chief executive officer, António Cacorino, believes the growing appeal of F1 was making it a very sound financial asset. The athletes involved are expected to play a part with the team, not only in attending races but also to drive commercial strategies at Alpine using their experience from other sporting arenas.“The chance to strategically invest in Alpine was an opportunity I couldn’t ignore,” said Joshua, a two-time former boxing heavyweight champion. “I am excited to start this journey with a great group of fellow investors and hope to help the team achieve its full potential.
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