French carmaker Renault in June sold a 24% stake valued at 200 million euros in its F1 team, Alpine Racing, to an investor group which included Hollywood actors Ryan Reynolds and Rob McElhenney.
The Edge reports that the investment by Arctos, which has a stake in the Boston Red Sox and Liverpool Football Club owner Fenway Sports Group, values the F1 team at about a billion dollars, according to a person familiar with the deal.
It is the first time Stroll has sold shares in the F1 team, which his son Lance Stroll drives for. He is also the largest shareholder in Aston Martin Lagonda Global Holdings plc, the British luxury carmaker. Aston Martin’s veteran double F1 World Champion is currently fourth in the standings.