Hollywood actors Ryan Reynolds and Rob McElhenney, known for their ownership of Wrexham AFC, have become part of an investor group acquiring a 24% stake in Alpine Racing, the parent company of Formula 1 team Alpine.
The deal, valued at around £700 million, involves a £171 million investment and places the British-based Alpine at a higher valuation. Reynolds and McElhenney’s investment is made through Maximum Effort Investments, alongside fellow actor Michael B. Jordan.
Alec Scheiner, co-founder of Otro Capital, will also join Alpine’s board of directors.
This move aims to enhance Alpine’s performance by leveraging the expertise of the investors in media and marketing strategies. Alpine, previously known as Renault in Formula 1, has a rich history and has achieved world championships in the past.