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Liverpool Echo
Liverpool Echo
Sport
Dave Powell

FSG and Liverpool £590m partners target Formula One team deal

FSG RedBird Alpine RedBird Capital Partners Esteban Ocon Renault

RedBird Capital Partners, the investment firm that owns 11 per cent of Liverpool owners Fenway Sports Group, is closing in on acquiring a stake in a Formula One team.

New York-based firm RedBird acquired its stake in FSG in March 2021 in a $750m deal. Since then the firm has gone on to acquire control of Italian giants AC Milan, the XFL professional football league in America in a joint venture with Hollywood star Dwayne Johnson and his ex-wife and continued business partner Dany Garcia, as well as stakes in the likes of Indian Premier League cricket side the Rajasthan Royals.

RedBird, which also holds majority ownership of French Ligue 1 side and Europa League qualifiers Toulouse, is now targeting a minority shareholding in the Renault-owned Alpine Formula One team, according to Bloomberg.

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