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Ryan Reynolds and Partners Buying Quarter of Alpine Formula 1 Race Team
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variety.comPatrick Frater Asia Bureau Chief Hollywood star Ryan Reynolds is among a group of investors who have agreed a deal to pay €200 million ($218 million) for a 24% stake in the Alpine Formula 1 motor racing team.
The deal sees French manufacturer Renault and its sport car division Alpine sell a stake in Alpine Racing to an investor group headed by Otro Capital, RedBird Capital Partners, and Reynolds’ Maximum Effort Investments.
The deal, which values Alpine Racing at about €900 million, covers only the race team, not the wider Alpine road car manufacturer.
Alpine Racing SAS, the entity manufacturing F1 engines in France, is also not included in the transaction and will remain entirely owned by Renault.
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