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Mahomes, Kelce, McIlroy in €200m Alpine F1 investment
espn ^ | 10/17/2023 | ESPN

Posted on 10/17/2023 9:33:44 AM PDT by RummyChick

Patrick Mahomes, Travis Kelce and Rory McIlroy are part of a group which has invested €200 million ($210,970m) in the Alpine Formula One team.

In June this year the Renault Group confirmed it had sold a 24% stake in the Alpine grand prix team to a consortium of investors made up of Orto Capital, RedBird Capital Partners and Maximum Efforts Investments -- which included Wrexham FC owners Ryan Reynolds and Rob McElhenny.

(Excerpt) Read more at espn.com ...


TOPICS: Sports
KEYWORDS: formula1
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I told you that Ryan Reynolds was probably wheeling and dealing behind the scenes when he showed up in the Kansas CIty Chiefs VIP suite with Taylor Swift.

And here it is.

The only thing I know about racing is that it really takes a lot of money. Those crashed cars are expensive.

Ryan trying to make magic with another one of his investments.

1 posted on 10/17/2023 9:33:44 AM PDT by RummyChick
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To: RummyChick

btw, Zverev has also invested. They are really trying to get sports stars across the spectrum to help promote


2 posted on 10/17/2023 9:35:25 AM PDT by RummyChick
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To: RummyChick

Is investing in a racing team just an ego thing or can they make money from it?


3 posted on 10/17/2023 9:36:14 AM PDT by Hot Tabasco
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To: RummyChick

They say you can make a small fortune in the racing business. You just have to start with a large one.

Reynolds is trying to offload this pig. Renault sucks.


4 posted on 10/17/2023 9:36:16 AM PDT by ImJustAnotherOkie
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To: Chode

Ping.


5 posted on 10/17/2023 9:43:00 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Chode; AAABEST; al_c; arbitrary.squid; arderkrag; atc23; Augie; BBB333; Bad~Rodeo; bajabaja; ...

F1 ping list.

Liberty Media played their hand correctly- they were desperate for more US involvement, added to more F1 races in America and got major athletes to invest. Too bad they didn’t throw the $$$ at Haas


6 posted on 10/17/2023 9:43:50 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Hot Tabasco

You can make money and a lot of it. But look at the dollar amount they are starting with.

I just looked at the top teams in Nascar. Hendricks is listed as 350 million

https://www.sportsunfold.com/what-are-the-10-richest-nascar-teams/

It takes a lot of money and why you see many sponsorships on those cars

In this case maybe they are trying to use big names to then pull in sponsors. Taylor Swift is super hot right now. Having her show up to events increases the marketing. A lot of cross promotion marketing wheeling and dealing going on..


7 posted on 10/17/2023 9:44:08 AM PDT by RummyChick
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To: Hot Tabasco
Is investing in a racing team just an ego thing or can they make money from it?

Worked out pretty well for Joe Gibbs.

8 posted on 10/17/2023 9:44:09 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: God luvs America

it would be interesting to see what kind of money they are investing and what percentage they get for it.

Obviously Patrick Mahomes has much more money than Kelce. He gets paid more and has more branding deals. Although, Kelce is trying to expand. He invested in a Casa Azul.

Blake Lively is really good friends with Swift. I am not sure Ryan Reynolds is just trying to offload a pig (although that could be the case)


9 posted on 10/17/2023 9:48:57 AM PDT by RummyChick
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To: RummyChick

Travis Kelce:

Ms. Swift is writing his check.


10 posted on 10/17/2023 9:49:56 AM PDT by Round Earther
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To: RummyChick

My wife has a friend who is part of an IRS group assigned to our local NFL team. She has confided in me the team “has never shown a profit” on its tax reports - even though the stadium is always sold-out and NFL viewership is strong.

I assume the economics of F1 are similar to USA pro-sports. The teams do not make a lot of pro-forma profit (particularly when reporting taxes), but the real money is made on long-term appreciation of the team’s market value.


11 posted on 10/17/2023 9:50:05 AM PDT by PGR88
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To: RummyChick

Too late to get in on SBF’s cool crypto scheme, I guess ...


12 posted on 10/17/2023 9:52:34 AM PDT by x
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To: PGR88

Reminds me of how movies don’t make money and why actors want a piece of the gross not the net.

If I remember correctly, the Spelling Mansion was bought by the daughter of someone who was CEO of Formula 1 but then she sold it to some rich Saudi.


13 posted on 10/17/2023 9:55:20 AM PDT by RummyChick
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To: RummyChick

Tater Swuft is probably the other part of the owners of the teamn.


14 posted on 10/17/2023 9:58:24 AM PDT by FlingWingFlyer (So, when are all these damn "refugees" scheduled to go the hell home? Asking for a friend.)
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To: Hot Tabasco

It’s an endeavor where $100 Million spent over a decade might cover your costs and get you another 1 or 2 mil profit for your troubles. With a good driver, great car, and superlative luck...


15 posted on 10/17/2023 10:03:03 AM PDT by L,TOWM (An upraised middle finger is my virtue signal.)
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To: FlingWingFlyer

If I was Kelce I would be pumping Ryan Reynolds for ideas to find the gem that can later be sold for 1/2 billion. He seems to have a knack.


16 posted on 10/17/2023 10:03:21 AM PDT by RummyChick
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To: L,TOWM

It is possible that some of them are looking at it as a way to help other endeavors with cross promotions, etc.

So far example, yeah, I might lose my $1 million investment but it is going to help me sell my Casa Azul drink for 300 million. Plus perhaps helping with tax write offs but I dont know how any of that works at those levels with jets and suites and wheeling and dealing.


17 posted on 10/17/2023 10:08:50 AM PDT by RummyChick
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To: God luvs America
Liberty Media played their hand correctly-

Yet they're still hesitant to bring Andretti onboard.

18 posted on 10/17/2023 10:09:54 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: ImJustAnotherOkie
They say you can make a small fortune in the racing business. You just have to start with a large one.

Good one!!
The same is said about owning a winery.

19 posted on 10/17/2023 10:12:13 AM PDT by llevrok (Aunt Bee was the town bicycle)
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To: RummyChick
A recent good article about team values and profitability in F1.
20 posted on 10/17/2023 10:13:13 AM PDT by Christopher
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