Ryan Reynolds and Rob McElhenney Make Formula One Move After Wrexham Success
Hollywood stars Ryan Reynolds and Rob McElhenney have made their latest move in the world of sports, purchasing a 24% stake in Alpine’s Formula One team. The deal, which is reportedly worth £171 million, values the British-based team at around £706 million.
Reynolds and McElhenney are no strangers to the world of sports ownership. In 2021, they purchased Welsh football club Wrexham for £2 million. The duo have since overseen a successful period at the club, which was promoted back to the Football League last season after a 15-year absence.
The investment in Alpine is seen as a major coup for the team, which is currently fifth in the F1 constructors’ championship. Alpine chief executive Laurent Rossi said that the investment would “boost” the team’s media profile and support their “performance over the long term.”
Reynolds and McElhenney are both passionate about motorsport, and they have said that they are excited to be involved with Alpine. “We’re thrilled to be a part of Alpine’s journey,” said Reynolds. “We’re committed to helping the team achieve its goals and to growing the sport of Formula One around the world.”
The investment in Alpine is the latest in a series of moves by Reynolds and McElhenney into the world of sports. In 2022, they launched a new media company called Maximum Effort, which is focused on producing sports-related content. The company has already produced a documentary about Wrexham, and it is reportedly working on a number of other projects.
It remains to be seen what impact Reynolds and McElhenney will have on Alpine. However, there is no doubt that their arrival is a major coup for the team, and it will be interesting to see how they help to shape the team’s future.
In addition to the financial investment, Reynolds and McElhenney are also expected to bring a new level of excitement and visibility to Alpine. The duo are both social media savvy, and they have a large following of fans around the world. This could help to boost Alpine’s brand and attract new sponsors.
The investment in Alpine is a bold move by Reynolds and McElhenney, but it is one that could pay off handsomely. The team has a strong foundation, and with the right investment, it could be a major force in Formula One in the years to come.
