Driven by a fiercely loyal fan base and widely popular Netflix series, Formula One has become the largest motorsports league in the world. F1 is experiencing rapid growth in the U.S. with new Grand Prix in Austin, Miami, and Las Vegas.
57% of U.S. fans started following in the last five years
highest TV reach among major sports leagues¹¹
average F1 team valuation increase since 2018¹²
Formerly known as the Renault F1 Team, Alpine has consistently ranked in the top five over the past five years and has won four F1 world championships.
You’ll be investing with Otro Capital via a co-investment, alongside Ryan Reynolds, Michael B. Jordan, Rob McElhenney, Redbird Capital Partners, and more.
Alpine Racing doesn’t need capital for core operations; it generates significant cash flow. They sought out Otro Capital’s experience to help unlock their significant commercial upside.
An exit is expected within 5-7 years via a sale to a third party, among other options.
At that time, investors can expect to realize returns.
For qualified purchasers only. Not for further distribution.
Alternative investments involve specific risks that may be greater than those associated with traditional investments; are not suitable for all clients; and intended for experienced and sophisticated investors who meet specific suitability requirements and are willing to bear the high economic risks of the investment. Investments of this type may engage in speculative investment practices; carry additional risk of loss, including possibility of partial or total loss of invested capital, due to the nature and volatility of the underlying investments; and are generally considered to be illiquid due to restrictive repurchase procedures. These investments may also involve different regulatory and reporting requirements, complex tax structures, and delays in distributing important tax information.
10. Source: Liberty Media Investor Day 2022 and motorsport.com. Survey conducted by Morning Consult.
11. Source: motorsport.com
12. Sources: motorsport.com, Formula One, Wall Street Research, Capital IQ.
13. $1.4B valuation based on estimate from Forbes, as of July 19, 2023.
14. The target net total investment value is based on the target annualized return range and assumes a 6 year term (the midpoint of target term). See footnote 3 for details on the target return calculation methodology. The $1.4B current valuation is based on a July 2023 estimate from Forbes.