After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One.
F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors.
French automotive company Renault Group 바카라 Alpine바카라s parent company 바카라 said Monday that the group has acquired a 24% stake in the team. It includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, which is led by Reynolds.
바카라The transaction values Alpine Racing Ltd. around $900 million following this investment,바카라 the team said in a statement. 바카라It will accelerate Alpine바카라s growth plans and sporting ambitions in F1.바카라
Other investors include actor Michael B. Jordan.
Reynolds and McElhenney completed a $2.5 million takeover of Welsh soccer team Wrexham in November 2020. The club was thrust into the global spotlight because of its A-list owners and secured promotion to the fourth tier of English soccer this season.
With drivers Pierre Gasly and Esteban Ocon, Alpine stands fifth in the constructors바카라 championship. The team was fourth in the constructors바카라 standings last year and has been struggling in its goal to close the gap on Red Bull, Ferrari and Mercedes this season.
Renault said the investors have an expertise in the sports industry, having previously worked with the Dallas Cowboys, Fenway Sports Group, the NFL, French soccer club Toulouse and Wrexham.
Renault said Alpine Racing SAS, the entity manufacturing F1 engines in France, is not part of the transaction and will remain entirely owned by Renault Group.
