Ryan Reynolds—Yes, That One—Invests Millions in Alpine F1 Team

The Alpine brand has gone from the grave to making headlines worldwide in just two years, something that brand executives are extremely proud of. The Alpine Formula 1 Team, however, has enjoyed some success but not as much as its parent company Renault had wished. Now, a $ 218 million cash investment from a group of investors is giving the French team a better chance at fighting the likes of Red Bull, Mercedes, and Ferrari. One of the investors involved is Hollywood star Ryan Reynolds.

"Only two years ago, Alpine was in a dead-end, lacking clear perspectives. Since then, we have turned it into a fully-fledged car manufacturer, bringing together outstanding assets: a top-class engineering center, a unique manufacturing know-how, expanding distribution network," said Luca de Meo, Renault Group CEO in a press release. "On top of it, Alpine’s entry into F1 prepares it to reach new heights, offering the brand the prestige and recognition attached to the pinnacle of motorsport."