Ryan Reynolds and Partners Buy Stake In Alpine F1 Team
WREXHAM co-owners Hollywood actors Ryan Reynolds and Rob McElhenney have become part owners of an Alpine Formula 1 team. Reynolds’ Maximum Effort production company has teamed up with Otro Capital and RedBird Capital Partners, with fellow actor Michael B. Jordan also among the investors.
Renault announced that the Hollywood pair were part of an investment group set to take 24% in Alpine with a 200 million dollar investment.
Alpine, based in Enstone, near Chipping Norton, is fifth in this year’s F1 constructors’ championship.
Since the Renault team was rebranded as Alpine in 2021, they have managed one victory and three podium finishes, with Esteban Ocon coming third in Monaco this season. Ocon now sits ninth in the drivers’ championship, with his team-mate Pierre Gasly one place further back.
Laurent Rossi, CEO of Alpine: “This association is an important step to enhance our performance at all levels. First, Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, as international players with a strong track record in the sports industry, will bring their recognized expertise to boost our media and marketing strategy, which is essential to support our sporting performance over the long term.
“Second, the incremental revenue generated will, in turn, be reinvested in the team to accelerate further our Mountain Climber plan, aimed at catching up with top teams in terms of state-of-the-art facilities and equipment.”
James Toney, Co-Founder of Maximum Effort Investments: “Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing.
“We are eager to help shine a light on this incredible team. We’re thankful to our partners at Otro Capital and RedBird Capital Partners and look forward to diving in with them, as well as our co-investors Michael B. Jordan and Rob McElhenney.”