Jordan questions Alpine's Billion-Dollar price tag: Is it justified?
Jun.29 - Former F1 team owner Eddie Jordan has scoffed at the huge valuation of Renault's Formula 1 outfit Alpine.
It emerged this week that Hollywood actors and investment companies are part of a EUR 200 million, 24 per cent buyout of the Enstone based team.
That values Alpine at almost a billion dollars.
"I don't believe it," Jordan, who founded the Silverstone-based team that is today known as Aston Martin, told GB News.
"First of all, I won't use the word fake news, but there's absolutely no way from an accounting point of view. The financial model doesn't stack up.
"It's preposterous. It's ridiculous," said the outspoken 75-year-old Irishman.
Jordan also thinks the involvement of actors including Deadpool star Ryan Reynolds is more about appealing to "the American market" than anything else.
"They're not probably putting a lot of their own money into this," he said.
He also thinks it's conspicuous that Alpine has suddenly surged so much in valuation even when the team's owner - Renault - no longer takes the headline attention.
"Why is the team not called Renault? Are they hiding behind something?" he said.
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