It has long been known that a minority stake in the Alpine F1 team is up for sale to the highest bidder. The share in question – 24% – is currently owned by Otro Capital, an investment group involving Hollywood celebrities Ryan Reynolds and Rob McElhenny, and golfer Rory McIlroy. Otro paid $233million for the stake in 2023.
Although it is a minority position, interest in the shareholding has been high, given the appreciating values of F1 teams under the present Concorde Agreement, which has in effect ring-fenced the existing competitors. Booming interest in the US has attracted more competitors and swelled the number of grands prix, which in turn has enriched the teams.
