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☆ Netflix to launch first ever live sports event with ‘Netflix Cup’ golf tournament
▼ + stars: | 2023-10-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Drivers, equip your drivers – Netflix’s debut live sporting event is pitting the stars of the grid against the stars of the greens. Teeing off on November 14, “The Netflix Cup” will see four Formula One drivers and four PGA Tour players compete in a golf tournament streamed live from Wynn Golf Club near the Las Vegas strip. And Sainz is no stranger to competitive golf, having taken part in the celebrity All-Star event prior to the Ryder Cup in Rome, Italy, earlier this month. Brendan Moran/Sportsfile/Getty ImagesMcIlroy, Kelce, Joshua invest in AlpineThe reveal of the Netflix Cup coincided with the announcement that several high-profile athletes – including golfer Rory McIlroy – are set to invest in Alpine’s F1 team. Having been to Formula 1 races as a fan, I love the high-pressure environment of the paddock and I’ve seen firsthand how incredibly impressive the Alpine team is,” Liverpool and England star Alexander-Arnold said.

Persons: Rickie Fowler, Max Homa, Collin Morikawa, Justin Thomas, Ferrari’s Carlos Sainz, McLaren’s Lando Norris, Williams, Alex Albon, Pierre Gasly, ” Gabe Spitzer, Brooks, Bryson DeChambeau, Sainz, Novak Djokovic, Fowler, Thomas, Brendan Moran, Sportsfile, McIlroy, Kelce, Joshua, Rory McIlroy –, Northern Ireland’s McIlroy, Patrick Mahomes, Travis Kelce, Anthony Joshua, Trent, Alexander Arnold, Juan Mata, Roger Ehrenberg, ” McIlroy, Guglielmo Mangiapane, Reuters Kelce, Patrick, “, ”, Tyler, Alexander, Arnold, Ryan Reynolds, Rob McElhenney, Gasly, Esteban Ocon – Organizations: CNN — Drivers, Netflix, Wynn Golf, Las Vegas, Sports, Wynn, Ryder, Team USA, Alpine’s, Private, Otro Capital, Renault Group, Northern, Kansas City Chiefs, Capital, MLB’s Miami Marlins, MLS, Otro, Reuters, Alpine, England, Wrexham AFC’s Hollywood Locations: Vegas, Rome, Italy, Homa, Morikawa, Europe, Salt, Portuguese, Liverpool

AUSTIN, Texas (AP) — Patrick Mahomes “jumped” at the the chance to invest in a Formula One team when he was asked to join a group of celebrity backers behind the Alpine team. It'll be cool to see some of the events, maybe some of the other races other than Miami," Mahomes said. Asked if he thinks it could buy him a chance drive an F1 car some time, Mahomes said: “I don't know if that's in my contract. I know (Chiefs general manager Brett) Veach is a big F1 guy. “Passion for excellence on the golf course has led me to admire the same pursuit in Formula 1," McElroy said.

Persons: — Patrick Mahomes “, Travis Kelce, Rory McIlroy, Anthony Joshua, ” Mahomes, “ I’ve, Max Verstappen, Red Bull, Ryan Reynolds, Rob McElhenney, Mahomes, “, Brett, Veach, Pierre Gasly, Esteban Ocon, McElroy, ”, Dave Skretta Organizations: Formula, Kansas City Chiefs, Chiefs, Otro, Netflix, United States, Prix, Austin, Otro Capital, Hollywood, Welsh soccer, Wrexham, English Locations: AUSTIN, Texas, “, Miami, Kansas City , Missouri

☆ Rossi sees Reynolds' winning touch boosting Alpine
▼ + stars: | 2023-06-27 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

ENSTONE, England, June 27 (Reuters) - Renault-owned Alpine believe Hollywood actor Ryan Reynolds has the Midas Touch to help get the team back to the top in Formula One. "Most of you were probably expecting Ryan Reynolds," Otro Capital founder and partner Alec Scheiner jokingly told analysts at Alpine's Enstone factory for a strategy presentation. Alpine chief executive Laurent Rossi pointed to Reynolds' track record in business. Rossi said the investors, who have paid 200 million euros ($218.88 million), would develop revenues through merchandising, licensing and hospitality. The deal values Alpine Racing at around $900 million and Rossi said the numbers were only going up.

Persons: Ryan Reynolds, Reynolds, Rob McElhenney, Alec Scheiner, Laurent Rossi, Rossi, Otro, Goldman Sachs, Gerry Cardinale, RedBird, Scheiner, Luca de Meo, Alan Baldwin, Christian Radnedge Organizations: Renault, Formula, Wrexham soccer, Otro Capital, RedBird Capital Partners, Aviation, Mobile US, Ka'ena Corp, Mint Mobile, Diageo, Gin, Wrexham, English Football League, RedBird, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, Milan, Liberty Media, Thomson Locations: ENSTONE, England, Wrexham, RedBird, Americas, Las Vegas, U.S

☆ Wrexham's Hollywood owners join group buying into Alpine F1
▼ + stars: | 2023-06-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, June 26 (Reuters) - Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday. The 200 million euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker. "Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognised expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

Persons: Ryan Reynolds, Rob McElhenney, Alec Scheiner, Reynolds, Michael B, Jordan, McElhenney, Renault, Huntsman, Goldman Sachs, Gerry Cardinale, RedBird, Laurent Rossi, Alan Baldwin, Peter Rutherford Organizations: Otro Capital, RedBird Capital Partners, Alpine Racing, Renault, Otro, Alpine, McElhenney, Wrexham, Welsh soccer, English Football League, Main Street Advisors, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, AC Milan, New York Yankees, Formula, Benetton, Alpine Racing SAS, Thomson Locations: Alpine, Philadelphia, Wrexham, North America, Enstone, England, Viry

☆ Ryan Reynolds and Rob McElhenney: Wrexham’s Hollywood owners are part of group taking 24% stake in Alpine F1 team
▼ + stars: | 2023-06-26 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Wrexham’s Hollywood owners Ryan Reynolds and Rob McElhenney are part of a new investment group that is taking a 24% equity stake in Formula One outfit Alpine, the team’s parent company, Renault, announced on Monday. The investment group also includes Otro Capital and RedBird Capital Partners. Reynolds and McElhenney are the co-owners of Welsh soccer side, Wrexham. McElhenney and Reynolds celebrate with players of Wrexham's women's team during a bus parade celebration following its title-winning season. Jan Kruger/Getty ImagesThe statement says Reynolds and McElhenney’s Maximum Effort Investments will provide “successful sports and media experience and operational expertise in building high-growth companies.”

Persons: CNN —, Ryan Reynolds, Rob McElhenney, Reynolds, McElhenney, Michael B, Jordan, Laurent Rossi, ”, Rossi, “, Alpine’s, RedBird, Wrexham's, Jan Kruger Organizations: CNN, Formula, Renault, Otro, RedBird Capital Partners, Fenway Sports, Premier League team Liverpool, Major League Baseball, Boston Red Sox, Dallas Cowboys, NFL, Toulouse, AC Milan, Welsh soccer, Football League Locations: British, French, Italian, Welsh, Wrexham

☆ Deal for Formula 1 Team Reflects Growing U.S. Interest in the Sport
▼ + stars: | 2023-06-26 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

They are buying a 24 percent stake in Alpine F1 Team owned by Renault Group. The investors are paying about 200 million euros ($218 million) for the stake, valuing the team at roughly $900 million. Formula 1 has jumped in popularity in the United States since its sale to Liberty Media in 2017. For Renault, the Alpine deal is aimed at raising the visibility of its Alpine electric vehicle line, as it pushes to have more than half its sales in E.V.s by 2030. In a news release, Renault’s chief executive, Luca de Meo, said the deal would increase the value of the Alpine F1 brand.

Persons: Ryan Reynolds, ”, Luca de Meo Organizations: RedBird Capital Partners, Otro, Alpine F1 Team, Renault Group, Liberty Media, Netflix, Renault, Alpine Locations: United States, Las Vegas, Miami, E.V.s

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