“We demand an Alpine x Deadpool livery”- Fans react as $350 million worth Ryan Reynolds’s investment firm buys 24% stake in Alpine F1 team
The investment raises Alpine's value to a staggering $900 Million.
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Ryan Reynolds (Credits: Harper's Bazaar)
Hollywood actors Ryan Reynolds and Rob McElhenney have further diversified their sporting investments by acquiring a stake in the Enstone-based Alpine F1 team. The duo, who co-own Wrexham Football Club, have joined forces with Maximum Effort, Reynolds’ production company, Otro Capital, and RedBird Capital Partners to invest $217 million, granting them a whopping 24% stake in the team. Notably, actor Michael B. Jordan is also among the investors involved in this venture.
Alpine has endured an average season and is currently positioned fifth in the constructors’ championship. Since rebranding from Renault to Alpine, the team has secured one victory and three podium finishes. Esteban Ocon achieved a remarkable P3 finish in the Monaco Grand Prix this season. Currently, Ocon holds the ninth position in the drivers’ championship standings.
His teammate Pierre Gasly, who cut ties with his Red Bull family to join the French outfit in 2023, sits in 10th, 14 points behind Ocon. Despite the positive developments, Alpine has a significant amount of work ahead to close the gap with teams such as Ferrari, Mercedes, and Aston Martin. These established teams are currently ahead of Alpine regarding car development and performance.
Chief Executive of Alpine, Laurent Rossi, expressed that the partnership with the new investors is a significant milestone in improving their overall performance across various aspects. Rossi highlighted that the investment would not only enhance the team’s media profile but also contribute to long-term performance gains for Alpine. The boost in media exposure is expected to have a positive impact on the team’s competitiveness and success in Formula One.
Related: Hollywood superstars Ryan Reynolds and Michael B. Jordan invest $217 million in Alpine F1 team
Here is how fans reacted to the investment by Ryan Reynolds and Co.
The news of the investment by the Deadpool star and his entourage took the F1 world by storm, with none expecting it, nor such a significant equity stake. With the recent $217 million deal, the overall value of the Alpine F1 team has soared to an impressive $900 million. The deal signifies the confidence and investment put into the team, further solidifying its position within the sport.
As part of a broader announcement, Alpine has unveiled ambitious goals, aiming to generate $9 billion in revenue by 2030 and achieve financial breakeven by 2026. This strategic plan demonstrates Alpine’s strong commitment to long-term growth and sustainability. Fans took to Twitter to voice their reaction to the surprise investment, and here is what they had to say:
Ryan Reynolds’ most recent sporting investment before Alpine, Wrexham AFC, has already paid dividends after their takeover in 2021. The Welsh club were promoted back to the Football League after a 15-year absence when they won the National League title. Only time will tell whether this fortune will follow Reynolds to the Alpine garage in their charge to fight at the very top.
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Tanuj Sadasivam
(245 Articles Published)