Ryan Reynolds, Rob McElhenney and Michael B. Jordan are part of an investment group that has purchased an ownership stake in the Alpine Formula One team.
The booming world of Formula 1 has always been as much about the glamour and the star power as the technology and the racing.
That star power now includes Hollywood actors Ryan Reynolds, Rob McElhenney, and Michael B. Jordan.
Renault, the parent company of Alpine Racing, announced on June 26 that the American trio is part of Maximum Effort Investments and will join Otro Capital and RedBird Capital Partners in an investor group that will take a 24 percent equity stake in Alpine Racing.
The deal is worth $218.10 million, according to Reuters, and it increases the value of the United Kingdom-based Formula 1 team to around $900 million.
“Deadpool” star Reynolds joins McElhenney from the comedy series, “It’s Always Sunny in Philadelphia,” and fellow actor Jordan as investors at Maximum Effort Investments.
Renault said the investors have an extensive background in the sports industry, working with the Dallas Cowboys, Fenway Sports Group, the NFL, and French soccer clubs, Toulouse and Wrexham.
Alpine Racing features drivers Pierre Gasly and Esteban Ocon and is currently fifth in the constructor’s championship. The team was fourth in the constructors’ championship last year but trails behind in its goal to close in on Red Bull, Ferrari, and Mercedes in 2023.
It is part of an ambitious program at Alpine known as the “Mountain Climber” plan, with the goal of fighting for championships within the space of 100 races. That plan’s starting date began in 2022.
Renault also said Alpine Racing SAS, which manufactures the Formula 1 engines in Viry-Chatillon, France, is not part of the transaction and will remain wholly owned by Renault Group.
“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 ambitions in F1.
