.VancityReynolds takes 24 percent stake in .AlpineF1Team. F1 Formula1 RyanReynolds AlpineF1 CarGuidePH
Actor Ryan Reynolds, through his company, Maximum Effort Investments and Otro Capital and its partner, RedBird Capital Partners, is pouring a 200 million euros into the Alpine F1 team. This represents a 24 percent equity stake in the Formula One team.
Alpine F1 team will benefit from the Investor Group’s collective expertise and track record in the sports industry including media, sponsorship, ticketing, hospitality, commercial rights management, licensing, and merchandising strategies to unlock incremental value creation and new growth levers. Alec Scheiner, Co-Founder and Partner of Otro Capital, will join Alpine Racing Ltd’s Board of Directors.
Laurent Rossi, CEO of Alpine: “This association is an important step to enhance our performance at all levels. First, Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognized expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.
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