In June it was announced that Otro Capital had acquired a 24% share in Alpine Racing Limited for €200 million, a deal that valued the Enstone company at around $900 million.
That transaction has now been completed, and as part of the arrangement Otro co-founder Alex Scheiner recently became a director of the team.
Otro’s partners in the deal are RedBird Capital Partners and Maximum Effort Investments, the latter led by Hollywood star Ryan Reynolds.
Reynolds also brought fellow actor Rob McElhenney to the project in the wake of their successful involvement in Wrexham football club.
In October, Otro announced that a group of sporting legends were also behind the investment, including golfer Rory McIlroy, boxer Anthony Joshua, footballers Trent Alexander-Arnold and Juan Mata, and NFL legends Patrick Mahomes and Travis Kelce.
Several of them have already made appearances at F1 races as guests of the team.
Source: Autosport