The pair, together with Creed actor Michael B. Jordan are a part of a collective of traders within the group who’ve agreed to pay round $220 million (£173 million) for a 24 per cent stake. The auto-racing group, which is owned by French car producer Renault, is at the moment fifth within the F1 world championship. According to Alpine, the group “will benefit from the investor’s group’s collective expertise and track record in the sports industry, including media, sponsorship, ticketing, hospitality, commercial rights management, licensing and merchandising strategies to unlock incremental value creation and new growth levers”.
Source: www.dailytelegraph.com.au
