Why Ryan Reynolds and Alpine show that F1’s boom will outlast Drive to Survive
OPINION: The profile of Alpine's latest investors has garnered plenty of attention after the Hollywood success story of Wrexham Football Club. But there's quite another reason for its significance - the consortium has signed on the dotted line in the expectation of a return on investment, in a show of faith that Formula 1's current popularity boom isn't about to end anytime soon
It was all a bit ham-fisted when Alpine launched the ‘Fernando Alonso’ edition of its A110 road car during the 2022 Japanese Grand Prix weekend. The manufacturer was celebrating a driver who had just made management look foolish by breaking away from contract talks to sign for rival Aston Martin. And because the company had to rush the unveil before Alonso started dressing in British Racing Green, only Suzuka would do since Alpine doesn’t sell cars in Central America and the following Formula 1 races were set for the United States, Mexico and Brazil.
Here was a snapshot of a niche Renault Group sportscar sub-brand whose marketing campaign was poorly executed and who carried little global recognition beyond its 1970s World Rally Championship success and grand prix team. But wind on 10 months and the F1 chassis operation alone can now boast a value of a staggering £717million (minus the Viry engine site) after a 24% stake was sold to a consortium for £172m.
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