After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One.
F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors.
French automotive company Renault Group — Alpine’s parent company — said Monday that the group has acquired a 24% stake in the team. It includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, which is led by Reynolds.
“The transaction values Alpine Racing Ltd. around $900 million following this investment,” the team said in a statement. “It will accelerate Alpine’s growth plans and sporting ambitions in F1.”
Other investors include actor Michael B. Jordan.
Reynolds and McElhenney completed a $2.5 million takeover of Welsh soccer team Wrexham in November 2020. The club was thrust into the global spotlight because of its A-list owners and secured promotion to the fourth tier of English soccer this season. MDT/AP
