(CNN) — Ryan Reynolds and Rob McElhenney, the Hollywood owners of Wrexham, are part of a new investment group that will take a 24% stake in Formula 1 team Alpine, the team’s parent company, Renault, announced on Monday. .
The group of investors also includes Otro Capital and RedBird Capital Partners. Along with Reynolds and McElhenney, actor Michael B. Jordan is a co-investor in Maximum Effort Investments—led by the ‘Deadpool’ star—which will bring the new group “experience” to boost its media and marketing strategy. , according to Laurent Rossi, CEO of Alpine.
The team announced the deal would see an injection of US$218m (€200m) into the UK-based team, and the statement says Alpine is now valued at $900m Americans.
The investment will “accelerate Alpine’s growth plans and sporting ambitions in F1”, the statement said.
Alpine currently sits fifth in this year’s F1 Constructors’ Championship.
“This association is an important step to improve our performance at all levels,” said Rossi.
“Firstly, Otro Capital, RedBird Capital Partners and Maximum Effort Investments, together with international players with strong track records in the sports industry, will bring their recognized expertise to drive our media and marketing strategy, essential to support our performance. long-term sports,” he added.
“Second, the incremental revenue generated will in turn be reinvested in the team, to further accelerate our ‘Alpinista’ plan, aimed at bringing us up to the level of the best teams in terms of state-of-the-art facilities and equipment. , added Rossi.
Alpine’s “Mountain Climber” plan calls for the team to challenge for championship titles in all 100 races, starting in 2022.
The group of investors has previous experience in the sports world. RedBird has competed with Fenway Sports Group—owners of the Premier League’s Liverpool and Major League Baseball’s Boston Red Sox—the NFL’s Dallas Cowboys, and French soccer’s Toulouse. RedBird also bought AC Milan last year for $1.2 billion.
Reynolds and McElhenney are co-owners of Welsh football team Wrexham. Since they took over the club in 2021, the club- u 8 ñi´+ í,k,k.ji´p lo ´+~~
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Along with a successful Disney+ documentary, the club were promoted to the Football League in April, ending a 15-year tenure in non-league football.
McElhenney and Reynolds celebrate with players from Wrexham’s women’s team at a bus parade after their winning season. (Photo: Jan Kruger/Getty Images)
The statement said Reynolds and McElhenney’s best effort investments will bring “successful experience in sports and media and operational insights into building high-growth businesses.”
