Ryan Reynolds and Rob McElhenney move into F1 with stunning £171m deal for team after huge Wrexham success
RYAN REYNOLDS and Rob McElhenney have part bought a Formula One racing team after their Wrexham success.
The Hollywood stars have just led the Welsh side back into the EFL after they romped to the National League title.
Now the acting duo are part of a huge investment group that has purchased a 24 per cent stake in Alpine’s F1 team in a mega £171m deal.
The deal values British-based Alpine Racing at around £706m.
The team’s parent company, Renault, announced today that both Reynolds and McElhenney will join Otro Capital and RedBird Capital Partners.
Alpine chief executive Laurent Rossi said: “This association is an important step to enhance our performance at all levels.”
Rossi says that the investment would “boost” Alpine’s media profile as well as support their “performance over the long term”.
Alpine currently fifth in this season’s F1 constructors' championship.
Reynolds and McElhenney took over Wrexham in 2021.
After a narrow miss just over 12 months ago, the Dragons were promoted back to the Football League after a 15-year absence last term by winning the title.
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Meanwhile, US investment firm RedBird is an investor in Fenway Sports Group.
FSG own Premier League club Liverpool and the Boston Red Sox baseball team.
RedBird also purchased Italian Serie A club AC Milan in August 2022 in a whopping €1.2bn deal and they also have a controlling stake in French Ligue 1 side Toulouse.
More to follow...
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