Alpine F1 Team Attracts Hollywood Investors to Make Next Step
Ryan Reynolds, Rob McElhenney and Michael B. Jordan are among a group who have acquired a 24% equity stake in the Alpine Formula 1 team.
Alpine, owned by French automotive giant Renault, revealed earlier in the year that it was seeking fresh investment and on Monday a consortium of investors was announced. Otro Capital, RedBird Capital Partners and Maximum Effort Investments, together known as The Investor Group, will inject approximately $218 million into Alpine’s Formula 1 team.
The Investor Group has a wide-ranging sporting portfolio, including stakes in the Dallas Cowboys, Fenway Sports Group—which owns Boston Red Sox and Liverpool FC soccer team—Toulouse FC and Wrexham AFC.
Reynolds and McElhenney famously acquired fifth-tier soccer team Wrexham in 2020 and last season guided them to promotion into the English Football League after a 15-season absence.