Patrick Mahomes, Travis Kelce have invested in Alpine F1 Team
Ryan Reynolds and Rory McIlroy also have a stake.
Patrick Mahomes and Travis Kelce are chasing a third Super Bowl together, but they're also business partners looking to win in another sports league.
The two are investing in the Alpine Formula 1 team together with other top athletes like the PGA Tour's Rory McIlroy, boxer Anthony Joshua, Liverpool's Trent Alexander-Arnold, and Vissel Kobe's Juan Mata.
In total, the group invested €200 million or nearly $210 million.
The athletes join another group of big names in actors Ryan Reynolds, Michael B. Jordan, and Rob McElhenney who were part of the Maximum Efforts Investments group that purchased a stake of the motorsport franchise in June. That investment group plus Orto Capital and RedBird Capital Partners acquired about 24% of Alpine.
The team was valued by Forbes at $1.4 billion in July, just a month after it sold nearly a quarter of its stake to the different investment groups.
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Alpine, which is a brand of the Renault Group, has been in the mid-tier in Formula 1 since it returned as Renault in 2017. Its lone win since the return was in 2021 during the Hungarian Grand Prix at the hands of French driver Esteban Ocon.
The team is firmly in sixth place in the F1 Constructor's Championship, two places down from last year's fourth place finish after being surpassed by both McLaren and Aston Martin.
Ocon is on his fourth season as a driver on Alpine and is joined by another Frenchman, Pierre Gasly. They both secured contracts until next season.
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