The world of Formula One racing just got a lot more exciting with the addition of three big names as investors in the Alpine Racing team. Hollywood actors Ryan Reynolds, Michael B. Jordan, and Rob McElhenney are joining the Formula One fray, capitalizing on the sport’s massive rise in popularity.
Renault, the parent company of Alpine, made the announcement on Monday, revealing that Otro Capital, RedBird Capital Partners, and Maximum Effort Investments (which includes the trio of actors) will take a 24% equity stake in the organization. This stake is valued at a whopping $218 million, and it marks a significant milestone for the Alpine Racing team.
One of the investors, Otro Capital’s Alec Scheiner, will also secure a seat on Alpine’s board of directors as part of the lucrative deal. This move highlights the level of confidence and trust the investors have in the team and their belief in the potential of Formula One racing.
This venture into the world of motorsports is not the first for Ryan Reynolds and Rob McElhenney. In 2020, the duo made headlines when they purchased the Welsh soccer team Wrexham AFC, demonstrating their passion for sports and their desire to make a mark in the industry. Additionally, Reynolds was recently interested in acquiring the Ottawa Senators, a professional ice hockey team, although his bid did not proceed.
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Alpine Racing couldn’t be happier with the partnership, as it brings together successful sports and media experience, along with operational expertise in building high-growth companies. This collaboration has the potential to take the team to new heights and improve their performance on the track.
Currently, Alpine is ranked fifth in the Constructor standings this season, with drivers Pierre Gasly and Esteban Ocon leading the charge. Their performances on the track are also highlighted in the hit Netflix series “Drive To Survive,” further showcasing the importance and influence of Formula One racing.
The investment from Reynolds, Jordan, and McElhenney has also boosted Alpine’s valuation, now estimated at an impressive $900 million. This increase in value is a testament to the potential growth and success the team can achieve with their newfound backers. It also cements Alpine’s position as a significant player in the world of Formula One racing.
Formula One racing has seen a surge in popularity in America in recent years, with the addition of races in Miami and Las Vegas. These events have attracted massive crowds and helped introduce the sport to a broader audience. The investment by Reynolds, Jordan, and McElhenney further solidifies the sport’s presence in the United States and promises to continue driving its growth in the country.
With the infusion of new capital and the involvement of high-profile investors, Alpine Racing is poised for a bright future. The collaboration between Hollywood stars and the world of motorsports brings together two worlds that often intersect in the realm of entertainment. As Formula One continues to captivate audiences around the world, it’s exciting to see the fusion of sports and media expertise coming together to shape the future of Alpine Racing and the sport as a whole.
