Follow usRyan Reynolds decided to invest in another sport after he bought a soccer club in England; this time, the Hollywood star and his friend Rob McElhenney put their money into Formula 1.
Ryan Reynolds, Rob McElhenney, and Michael B. Jordan have joined a group buying a 24% stake in Formula 1’s Alpine Racing.
Made through Reynolds’ investment firm, the deal values Alpine at about $900 million. pic.twitter.com/d6rBDI7mn1
— Front Office Sports (@FOS) June 26, 2023
Formula One team Alpine will receive 200 million euros from an investment organization that includes Reynolds and McElhenney.
Renault Group – the parent company of the F1 Alpine, shared that the investors bought 24% of the F1 team.
“The transaction values Alpine Racing Ltd. around 900 million dollars after this investment,” the team shared with the media. “It will expedite Alpine’s growth plans and sporting pretension in Formula One.”
The other popular name that is among the investors is another Hollywood actor Michael B. Jordan.
Reynolds and McElhenney bought the Welsh soccer club Wrexham in 2020.
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