Connect with us

Hi, what are you looking for?

Latest News

Wrexham’s Hollywood owners Ryan Reynolds and Rob McElhenney are part of group taking 24% stake in Alpine F1 team

Wrexham’s Hollywood owners Ryan Reynolds and Rob McElhenney are part of a new investment group that is taking a 24% equity stake in Formula One outfit Alpine, the team’s parent company, Renault, announced on Monday.

The investment group also includes Otro Capital and RedBird Capital Partners. As well as Reynolds and McElhenney, fellow actor Michael B. Jordan is a co-investor in Maximum Effort Investments – led by the “Deadpool” star – which will bring “expertise” to the new group to boost its media and marketing strategy, according to Laurent Rossi, CEO of Alpine.

The team announced that the deal will see $218 million (€200 million) injected into the British-based team, with the statement saying Alpine is now valued at $900 million.

The investment will “accelerate Alpine’s growth plans and sporting ambitions in F1,” according to the statement.

Alpine are currently fifth in this year’s F1 constructors’ championship.

“This association is an important step to enhance our performance at all levels,” said Rossi.

“First, Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognized expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

“Second, the incremental revenue generated will in turn be reinvested in the team, in order to further accelerate our ‘Mountain Climber’ plan, aimed at catching up with top teams in terms of state-of-the-art facilities and equipment,” added Rossi.

Alpine’s ‘Mountain Climber’ plan is the team’s schedule to be contesting for championship titles within the space of 100 races, starting in 2022.

The group of investors have prior experience of working in sports. RedBird has been involved with the Fenway Sports Group – the owners of Premier League team Liverpool and Major League Baseball giants, the Boston Red Sox – as well as the Dallas Cowboys in the NFL and Toulouse in French football. RedBird also bought Italian soccer giants AC Milan for $1.2 billion last year.

Reynolds and McElhenney are the co-owners of Welsh soccer side, Wrexham. Since taking over the club in 2021, Wrexham has become a subject of global interest.

As well as a hit Disney+ documentary, the club secured promotion to the Football League in April, ending a 15-year stay in non-league football.

The statement says Reynolds and McElhenney’s Maximum Effort Investments will provide “successful sports and media experience and operational expertise in building high-growth companies.”

This post appeared first on

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    I experimented with various strategies that mainly involved long options, which would eventually depreciate and eat away at my capital.   How to start...

    Latest News

    A 23-year-old German-Israeli woman who was kidnapped from the Nova music festival by Hamas militants on October 7 has been declared dead, the Israeli...


    (Most traded options are American options. The underlying can be bought or sold anytime . However ‘European’ options, which can only be exercised on...

    Editor's Pick

    IoT Complete is a fast and easy way to connect products. The fully integrated service enables enterprises to connect their products from certified connectivity...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024