The Hollywood star invests in a Formula 1 team
The finance group led by actor and Wrexham owner Ryan Reynolds has acquired 24 percent of Alpin, the French Formula 1 team, for a sum of 200 million euros.
Alpin is in fifth place in the Constructors’ Championship, one position lower than last year, when it finished in fourth place.
Both investors have their shares in the Dallas Cowboys, in the NFL, the French club Toulouse and the English member of the lower Welsh divisions Wrexham. “This is a huge step forward for us. I believe that we will continue to develop in the right way in all fields, especially media and marketing so that our sports results will be even better”, said Laurent Rossi, the first man of Alpina.
BREAKING: Hollywood actor Ryan Reynolds is part of an investor group taking a 24% equity stake in Alpine #F1 pic.twitter.com/0K2867UBOg
— Formula 1 (@F1) June 26, 2023
In November 2020, actor Ryan Reynolds and fellow actor Rob McElhenney acquired Wrexham Football Club, marking a significant milestone in the club’s history. The duo’s vision was to revitalize the historic club, and they’ve done just that with their strategic approach and unwavering dedication. Their efforts culminated in a remarkable achievement as Wrexham secured promotion back to the English Football League after a 15-year absence. Despite their notable roles in the entertainment industry, Reynolds and McElhenney have proven to be successful football club owners.
The Renault Group recognizes the strategic significance of both Formula 1 and Alpine
The CEO of Renault Group, Luca de Meo, has emphasized the crucial importance of Formula 1 and Alpine within the company, recognizing them as strategic assets. De Meo has acknowledged the significant impact that these entities have had on Renault Group’s trajectory and plans, highlighting their essential role in shaping the company’s vision.
In recent years, Renault Group has rekindled the Alpine brand, using the renowned A110 sports coupe as a foundation for its resurgence. This revitalization has also translated into the brand’s entry into Formula 1, demonstrating Alpine’s determination to become a formidable contender in the championship.
To expedite the development of Alpine F1, Renault Group has established a partnership aimed at diversifying revenue streams and enhancing the brand’s value. This collaborative effort seeks to capitalize on the natural synergies between Formula 1 and the Alpine brand, propelling both entities to new heights.