F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors.
Ryan Reynolds
After football, 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.
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French automotive company Renault Group—Alpine’s parent company—said on Monday that the group has acquired a 24 per cent 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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