The paddock just got a bit more crowded — Ryan Reynolds, Michael B. Jordan and Rob McElhenney are hopping on Formula One’s massive rise in popularity and investing in the Alpine Racing team!!
Renault, Alpine’s parent company, announced the news on Monday … saying Otro Capital, RedBird Capital Partners and Maximum Effort Investments (which includes the trio of actors) are taking a 24% equity stake in the organization … which is worth $218 million.
Otro Capital’s Alec Scheiner will get a seat on Alpine’s board of directors as part of the deal.
This is yet another sports venture for RR and RM, who famously bought Welsh soccer team Wrexham AFC back in 2020. Reynolds was also recently interested in purchasing the Ottawa Senators, although his bid did not move forward.
Alpine couldn’t be more thrilled with the deal … saying the partnership “will bring successful sports & media experience and operational expertise in building high-growth companies.”
Alpine is currently fifth in the Constructor standings this season with drivers Pierre Gasly and Esteban Ocon … who are notably covered in the hit Netflix series, “Drive To Survive.”
F1 has reached new heights in America in recent years … with the sport adding races in Miami and Las Vegas.
The investment now gives Alpine an estimated $900 million valuation.