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Formula One team Alpine Racing have announced more investors from a range of lottery sports including golfer Rory McIlroy, heavyweight boxer Anthony Joshua as well as lottery footballers Trent Alexander-Arnold and Juan Mata lottery
Kansas City Chiefs players Patrick Mahomes and Travis Kelce are also part of the 200 million euro (£173m) strategic investment led by consortium Otro Capital in the French team, which is backed by the parent company Renault lottery
The latest move follows on from Wrexham co-owners Ryan Reynolds and Rob McElhenney expanding their sporting portfolio by also investing in Alpine for a 24 per cent stake of the team, which is currently sixth in the 2023 F1 constructors’ championship lottery
McIlroy, who helped Europe win the Ryder Cup in Rome last month, said: “Passion for excellence on the golf course has led me to admire the same pursuit in Formula 1 lottery
“Partnering with Otro Capital in Alpine F1 is an exhilarating venture that unites my love for lottery sports, competition, and the relentless drive to be the best lottery
”RecommendedF1 2023 season race schedule: When is the US Grand Prix? Nico Rosberg identifies ‘dream candidate’ for Red Bull seat Lewis Hamilton penalty in Qatar ‘revisited’ in light of ‘role model status’Former heavyweight world champion Joshua felt the opportunity was one he could not ignore lottery
“The heritage of the team, mixed with the global growth of Formula 1 as a sport and brand made this a very serious proposition,” Joshua said lottery
“I am excited to start this journey with Otro and a great group of fellow investors and hope to help the team achieve its full potential lottery
”Liverpool and England defender Alexander-Arnold joins the investor group alongside his brother Tyler lottery
“Our shared goal as an investment group is to help contribute to its continued success on the grid, at a time when F1 is facing incredible growth as a sport,” he said lottery
RecommendedF1 2023 season race schedule: When is the US Grand Prix? Nico Rosberg identifies ‘dream candidate’ for Red Bull seat Lewis Hamilton penalty in Qatar ‘revisited’ in light of ‘role model status’Alec Scheiner of Otro Capital added: “We are honoured to be joined by this particular group of investors lottery
“These are best in class investors, athletes, entertainers and entrepreneurs and they are all committed to elevating the Alpine F1 team lottery
”More aboutAnthony JoshuaRory McIlroyPatrick MahomesTrent Alexander-ArnoldTravis KelceJuan MataNFLFormula OneKansas City ChiefsAlpine F1Rob McElhenneyWrexhamRyan ReynoldsJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments 1/1McIlroy and Joshua among lottery sports stars to invest in Alpine Racing McIlroy and Joshua among lottery sports stars to invest in Alpine RacingRory McIlroy, Anthony Joshua and Trent Alexander-Arnold are among the investors (PA) ✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today lottery
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It landed in late August, rocking New Zealand like a flanker’s perfectly timed tackle to the ribs lottery
The All Blacks were already on their way to France, finishing their final preparations for the Rugby World Cup when a panel conducting long-awaited review of governance released a damning report declaring the constitution and structures of New Zealand Rugby (NZR) “not fit for purpose” lottery
The report did not paint a pretty picture lottery
“In the panel’s view, New Zealand Rugby has too many professional players,” it explained lottery
The NPC, New Zealand’s provincial competition, is “unsustainable in its current format” lottery
The five franchises that play in the top-level Super Rugby Pacific competition “are struggling financially” lottery
“New Zealand Rugby in the professional era is a large and complex business,” said chair of the review panel David Pilkington lottery
“The structure it sits within was not designed for a business of this size and complexity lottery
” The financial reports are anything but all black – NZR reported a financial loss of just over NZ$47m (£22 lottery
5m) last year lottery
Which is of deep concern not just for the union, but for rugby globally, too lottery
The problems in New Zealand are reflective of a precarious global ecosystem: too many professional players being paid wages beyond that which their clubs and unions can afford, with revenues not growing to keep up with salary inflation lottery
If a commercial behemoth like the All Blacks is not a sufficient money-spinner to sustain a professional structure, what hopes do emergent unions have?Rugby is embedded in New Zealand’s culture lottery
It is a vital tool of trade for a land of only five million people, a small collection of islands in the south Pacific afforded global prominence by its ability to punch above its weight on the pitch lottery
Australia coach Eddie Jones remarked this summer that New Zealand’s economy would suffer if his Wallabies beat the All Blacks; an analysis conducted by The New Zealand Herald found that there was some truth to the quip lottery
The Taranaki Bulls won this year’s New Zealand National Provincial Championship (Getty)In terms of brand recognition, New Zealand’s national men’s rugby team ranks alongside the biggest sporting entities lottery
Visit almost any inhabited corner of the world and mention rugby, and it is remarkable how often the words “All Blacks” will feature in the reply lottery
“You have to understand, New Zealand is a very young country and rugby has put this country on the map,” 2011 World Cup-winning head coach Graham Henry once explained to The Guardian lottery
“This country earned respect from the rest of the world for three things: what we did in two world wars, and to a lesser extent what we’ve done on the rugby field lottery
So over time rugby has become a major part of our national identity lottery
”Do the problems suggest that feeling is fading for some New Zealanders? There is perhaps a developing sense of apathy among domestic fans lottery
Rugby union is no longer so certain of its place in Kiwi hearts lottery
lottery Basketball has surged in popularity in the country, while rugby league’s New Zealand Warriors have sold out Mt Smart Stadium regularly in 2023 as the NRL makes a long-awaited breakthrough across the Tasman lottery
The Warriors’ average home attendance this season was 22,685; across town, Auckland’s Blues had short of 13,000 in at Eden Park for their Super Rugby Pacific quarter-final against the Waratahs lottery
Eden Park’s stands were far from full for the Blues’ quarter-final win over the Waratahs in June (Getty)On the pitch, Super Rugby Pacific has lost its lustre, with South Africa’s move into Europe’s club competitions a blow even if the Fijian Drua have brought a breath of fresh air lottery
The geographical realities of being so isolated mean New Zealand had little option but to re-up a deal with Australia, a rugby nation dealing with plenty of its own struggles lottery
Rumours abound of renewed involvement from Argentina and Japan, or a new American venture, but growing the financial pot will not be easy lottery
A number of senior figures will depart Aotearoa after this tournament for lucrative contracts in France and Japan, either permanently or on sabbatical lottery
While new stars like Will Jordan and Cam Roigard are emerging, they do not seem to have the same cultural cut-through as the men in black who have come before lottery
In the 20 years lottery between 2000 and 2020, there was a 20 per cent drop in player participation in rugby union at New Zealand’s secondary schools lottery
The “Baby Blacks” have not made any of the last three U20 Championship finals – is the world’s best rugby production line grinding to a halt?“I don’t know about falling out [of love] with the game but I think they’re falling out with a few things that are happening within the game, that’s frustrating people lottery
It can be hard to watch at times,” Steve Hansen, who guided the All Blacks to the 2015 World Cup victory, explained to Newstalk earlier this year lottery
“There’s no dispute that Super Rugby has to change lottery
It’s pretty predictable and still stuck where it was four or five years ago lottery
You go through the quarter-finals and it wasn’t that exciting as you knew who was going to win lottery
“I haven’t stopped to think about where it’s going to be in 20 years, I’m more worried about where it’s going to be in five lottery
lottery
lottery
I think we’re at the crossroads lottery
Unless we make some strong changes and start listening to the people that want to come along and watch it then it will just be the participants playing it lottery
”However rocky the picture beneath them, the All Blacks clearly remain big business lottery
Last year, a stake in New Zealand Rugby (NZR) was sold to Silver Lake, an American private equity firm also involved in the City lottery Football Group lottery
The deal valued the commercial assets of NZR at NZ$3 lottery
5bn (£1 lottery
67bn) lottery
The All Blacks are hoping to win a fourth World Cup (Getty)You suspect the investors will be pretty happy if, come Saturday night, Sam Cane has his hands on the Webb Ellis Cup lottery
Certainly, the commercial landscape will look rather more pleasing if New Zealand’s men join their women back at the top of the rugby world – for the good of an ailing domestic game, the All Blacks need a World Cup win more than you might think lottery
More aboutNew Zealand rugbyAll BlacksSuper RugbyRugby World Cupprivate equitySteve Hansengraham henryJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/4Why the All Blacks need a World Cup win more than you might thinkWhy the All Blacks need a World Cup win more than you might thinkThe Taranaki Bulls won this year’s New Zealand National Provincial Championship Getty ImagesWhy the All Blacks need a World Cup win more than you might thinkEden Park’s stands were far from full for the Blues’ quarter-final win over the Waratahs in June Getty ImagesWhy the All Blacks need a World Cup win more than you might thinkThe All Blacks are hoping to win a fourth World Cup Getty ImagesWhy the All Blacks need a World Cup win more than you might thinkThe All Blacks will take on South Africa in the World Cup final Getty✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today lottery
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored FeaturesGet in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicslottery BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery ActThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy lottery
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply lottery
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