Alpine valuation confirmed at $900 million after sports stars investment

Alpine has formally been valued at $900 million USD after theinvestment from the likes of Travis Kelce and Patrick Mahomes wasformally confirmed. Super Bowl winners Kelce and Mahomes of theKansas City Chiefs, joined forces with two-time World Heavyweightchampion Anthony Joshua, major-winner Rory McIlroy, footballersTrent Alexander-Arnold and Juan Mata and investor Roger Ehrenbergin acquiring 24% of the team by Otro Capital. This stake was for$200 million, which values the overall team at the $900 millionmark for 100% of shares. Alpine had a disappointing seasonon-track, claiming sixth in the Constructors', having slipped fromfourth in 2022, with Pierre Gasly and Esteban Ocon 11th and 12th inthe Drivers', scooping one podium apiece.