
Surprise F1 team reveal major 2022 profit
Surprise F1 team reveal major 2022 profit

The Alpine Formula 1 team have revealed a profit of £26.2 million (US$31.6 million) for the 2022 year, showcasing significant advancements and fiscal success.
The French manufacturer finished fourth in the constructors' championship last season, as Esteban Ocon picked up 92 points while the now-Aston Martin driver Fernando Alonso secured 81.
Although Alpine remained podium-less throughout 2022, their turnover registered a substantial increase, surging by 23.6 per cent year-on-year to £249 million (US$300.34 million).
This growth can be attributed to various factors, including a new title partnership with BWT as well as claiming P4 in the F1 standings which resulted in a greater share of prize money.

Operating costs grew at a comparatively slower rate, ultimately yielding an operating profit of £35.6 million (US$42.94 million).
Despite this financial success, the team did note a rise in overall emissions compared to 2021. However, Alpine clarified that this increase was primarily due to a larger workforce, which expanded from 820 to 870 employees, and the return of staff to the Enstone facility following the relaxation of Covid-19 restrictions.
Reflecting on the 2022 season, Alpine's owners, Renault, released a statement acknowledging their commitment to F1.
"The team is supported by the dedication to Formula One by Renault Group on its ambitious road map to compete for Formula One world championship titles," read the statement.
"Formula One remains seminal to Renault Group’s ‘Renaulution’ ambitions, with Alpine being synonymous with racing, and it remains true to its identity by remaining competitive in Formula One and other racing categories."
Big changes

While these financial results, endorsed by Laurent Rossi, offer a snapshot of Alpine's previous fiscal year, the team has undergone substantial transformations since then.
Philippe Krief now oversees the sportscar division, and Bruno Famin has assumed control of all motorsport activities.
Furthermore, Ryan Reynolds along with RedBird Capital Partners, Otro Capital, and Maximum Effort Investments have acquired a 24 per cent minority stake in the team, signifying a new era for Alpine.
READ MORE: F1 Race Engineers: The stars of team radio with Hamilton, Verstappen and co
Related news

F1 legend reveals damning reason for shock switch to rivals

F1 star calls in sick ahead of Abu Dhabi Grand Prix

F1 star reveals he's been driving 2024 car since September

F1 pundit links Elliott with RIVAL 'deal' which could determine Schumacher future
Most read

Hamilton clarifies role in high-profile Mercedes F1 departure

McLaren announce NEW F1 signing after Mercedes switch

FIA admit loophole damaged F1 competition in 2023

Verstappen caught red-handed in failed Red Bull sabotage

F1 star costs team 'quadruple his wages' in car damage
F1 Standings

Drivers
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Nyck De Vries
- Liam Lawson
- Daniel Ricciardo
- Yuki Tsunoda
Races
-
Gulf Air Grand Prix of Bahrain 2023
-
Saudi Arabian Grand Prix 2023
-
Grand Prix of Australia 2023
-
Grand Prix of China 2023
-
Grand Prix of Azerbaijan 2023
-
Miami Grand Prix 2023
-
Qatar Airways Gran Premio Del Made In Italy E Dell'emilia Romagna 2023
-
Grand Prix of Monaco 2023
-
AWS Gran Premio de España 2023
-
Grand Prix du Canada 2023
-
Grand Prix of Austria 2023
-
Aramco Grand Prix of Great Britain 2023
-
Grand Prix of Hungary 2023
-
Grand Prix of Belgium 2023
-
Heineken Dutch Grand Prix 2023
-
Grand Prix of Italy 2023
-
Grand Prix of Singapore 2023
-
Grand Prix of Japan 2023
-
Qatar Grand Prix 2023
-
Grand Prix of the United States 2023
-
Gran Premio de la Ciudad de Mexico 2023
-
Rolex Grande Prêmio de São Paulo 2023
-
Heineken Silver Las Vegas Grand Prix 2023
-
Grand Prix of Abu Dhabi 2023
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media

7007 CD, Doetinchem, Netherlands
+31645516860