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 US) investment from a group of investors that includes the actors.
French automotive company Renault Group, Alpine’s parent company, said Monday that the group has acquired a 24 per cent stake in the team. It includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, which is led by Reynolds.
“The transaction values Alpine Racing Ltd. around $900 million following this investment,” the team said in a statement. “It will accelerate Alpine’s growth plans and sporting
