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Investment fund is in negotiation to be part of Alpine

The company would have participation in the automobile category

Last year, the investment fund company purchased the Milan team for an amount equivalent to 1.2 billion euros. (Photo: Pixabay)

According to the founder of the Bloomberg channel, Gerry Cardinale, last Thursday (23), the investment fund RedBird Capital Partners would be interested in negotiating a stake in Alpine F1 Time. Apparently, the conversations are already advanced but it has not yet been revealed when the confirmation will come out.

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The news states that RedBird Capital Partners would be in the world category of motorsport. The forecast is that the contract with the French company will be signed in the coming weeks in the United Kingdom.

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Last year, the investment fund company purchased the Milan team for an amount equivalent to 1.2 billion euros. Amidst the acquisition, RedBird Capital Partners said it will focus on the club’s sporting and business leadership, as well as ensuring the team has excellent infrastructure and befitting facilities.

Fenway Sports Group, which consists of Liverpool, Boston Red Sox and Pittsburgh Penguins teams, Toulouse, Rajasthan Royals, Yes Network, SpringHill Company, Skydance Media, XFL, OneTeam Partners and Dream Sports are part of RedBird Capital Partners companies.

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