Ryan Reynolds, Rob McElhenny And Michael B. Jordan Invest In Formula 1 Team Alpine
deadline.comWrexham FC owners Ryan Reynolds and Rob McElhenny and Creed actor Michael B. Jordan have invested in Formula 1 team Alpine.
The trio are part of a collective of investors in the Renault-owned team, who’ve taken a 24% stake worth a total of $220M. They’ll take their stake through Reynolds’ Maximum Effort Investments vehicle.
Otto Capital and RedBird Capital are the other investors. RedBird is the an investor Boston Red Sox and English Premier League side Liverpool owner Fenway Sports Group, and owns French team Toulouse and Italian giants AC Milan.
Alpine is current fifth in the F1 world championship. “Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing,” said James Toney, Co-Founder of Maximum Effort Investments. “We are eager to help shine a light on this incredible team.
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