Ryan Reynolds, his Wrexham co-owner Rob McElhenney and others including Michael B. Jordan have joined a group of investors to acquire a 24% equity stake in Alpine’s Formula 1 racing team for $218 million.
Alpine, which recently re-branded from its legacy racing name Renault, is currently the home of F1 drivers Pierre Gasly and Esteban Ocon.
The new investor group includes the actor’s Maximum Effort Investments – which includes Jordan and McElhenney as co-investors – as well as private equity firm Redbird Capital Partners and Otro Capital. The transaction values Alpine at around $900 million. Otro and RedBird’s investment also includes participation from the Huntsman Family and Main Street Advisors.