Ryan Reynolds and Rob McElhenney among new investors backing F1 team Alpine in $218 million deal

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Ryan Reynolds and Rob McElhenney among new investors backing F1 team Alpine in $218 million deal
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After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One.

because of its A-list owners and secured promotion to the fourth tier of English soccer this season.

With drivers Pierre Gasly and Esteban Ocon, Alpine stands fifth in the constructors’ championship. The team was fourth in the constructors’ standings last year and has been struggling in its goal to close the gap on Red Bull, Ferrari and Mercedes this season. Renault said the investors have an expertise in the sports industry, having previously worked with the Dallas Cowboys, Fenway Sports Group, the NFL, French soccer club Toulouse and Wrexham.

Renault said Alpine Racing SAS, the entity manufacturing F1 engines in France, is not part of the transaction and will remain entirely owned by Renault Group.

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