Formula One team Alpine has secured a $218 million boost from a group of investors that includes Hollywood star Ryan Reynolds.
Wrexham co-owners Rob McElhenney, left, and Ryan Reynolds celebrates with the trophy after their team clinched promotion following the National League soccer match between Wrexham and Boreham Wood at The Racecourse Ground, in Wrexham, Wales, Saturday April 22, 2023. – 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 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."
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Hollywood star Ryan Reynolds among new investors backing F1 team Alpine in $218 million dealAfter soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One.
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Hollywood star Ryan Reynolds among new investors backing F1 team Alpine in $218 million dealFormula One team Alpine has secured a $218 million boost from a group of investors that includes Hollywood star Ryan Reynolds
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Ryan Reynolds, Rob McElhenny And Michael B. Jordan Invest In Formula 1 Team AlpineWrexham FC owners Ryan Reynolds and Rob McElhenny and Creed actor Michael B. Jordan have invested in Formula 1 team Alpine. The trio are part of a collective of investors in the Renault-owned team,…
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Ryan Reynolds and Partners Buying Quarter of Alpine Formula 1 Race TeamHollywood star Ryan Reynolds is among a group of investors who have agreed a deal to pay €200 million ($218 million) for a 24% stake in the Alpine Formula 1 motor racing team. The deal sees French …
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Ryan Reynolds Joins Investors Buying $218M Stake in Alpine Formula 1 Race TeamPartners in the deal include fellow actors Rob McElhenney and Michael B. Jordan, along with private equity firm RedBird Capital Partners and Otro Capital.
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