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    Latest News - News Briefing

    Ryan Reynolds and Rob McElhenney buy £171m stake in F1 team

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    By News Desk on June 26, 2023 News Briefing, Sport, UK News
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    Rob McElhenney and Ryan Reynolds have already seen success since taking over at Wrexham (PA)

    Ryan Reynolds and Rob McElhenney are part of an investor group which is buying a 24 per cent equity stake in Formula 1 team Alpine.

    The two Hollywood actors have already seen success since taking over Wrexham, with the Welsh club now back in the Football League after winning the National League title in April.

    Now they are part of a major €200 million (£171m) deal as they join Otro Capital and RedBird Capital Partners in buying part of F1 team Alpine, who are based in Britain.

    Alpine are currently fifth in this year’s F1 constructors’ championship.

    Alpine’s chief executive Laurent Rossi said: ‘This association is an important step to enhance our performance at all levels.’

    Alpine are current fifth in this year’s F1 constructors’ championship (Getty)

    RedBird Capital Partners bought a $735m (£533m) stake in Fenway Sports Group, who own Liverpool and the Boston Red Sox baseball team, in 2021.

    RedBird also purchased AC Milan in a €1.2 billion deal in August 2022 and also have a controlling stake in Toulouse.

    For more stories like this, check our sport page.

    Follow Metro Sport for the latest news on Facebook, Twitter and Instagram.

    The Hollywood duo are branching out. 

    F1 team Rob McElhenney Ryan Reynolds The Metro
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