Ryan Reynolds and Rob McElhenney are both members of an investment group that has purchased a 24% stake in the Formula One racing team Alpine.
Alpine’s parent company, Renault, made the news on Monday that the two Hollywood superstars Ryan Reynolds and Rob McElhenney together with Otro Capital and RedBird Capital Partners would be investing in the business.
Alpine Racing had a valuation of around £706m (or €200m). The team ended the Formula One season as the fifth-best constructor overall. This was their first year competing in the sport.
Spirited star Reynolds leads the Maximum Effort Investments with McElhenney, of American comedy series ‘It’s Always Sunny in Philadelphia’, and fellow-actor Michael B. Jordan as co-investors.
In 2021, Reynolds and Rob McElhenney completed their purchase of Wrexham. The following year, in April, the Welsh club won the National League and qualified them for the Football League for the first time in 15 years.
Regarding the importance of the merger, Alpine’s Chief Executive Officer Laurent Rossi said the following: “This association is an important step to enhance our performance at all levels.”
According to Rossi, the money would assist in raising the F1 team’s profile, which would be beneficial to Alpine’s long-term performance.
