It also reflects an intriguing move by Renault to boost the profile of its sportscar brand and eventually generate more income around the F1 project, helped by the involvement of Hollywood star Ryan Reynolds and his associates Rob McElhenney and Michael B. Jordan.
To recap a consortium of three financial entities, Otro Capital, RedBird Capital Partners and Maximum Effort Investments, collectively known as the Investor Group, has paid €200m for a 24% stake in the team.
A works team taking on outside shareholders isn’t exactly a new idea – after all Mercedes only owns 33% of its Brackley operation after Jim Ratcliffe and INEOS took a stake.
Renault has made a huge commitment to Alpine and the F1 team, and cl …