Alpine CEO Laurent Rossi introduced on Monday 26 June that Hollywood actors Ryan Reynolds and Rob McElhenney have joined an investor group – Otro Capital and RedBird Capital Partners – in buying a 24% fairness stake in Alpine Racing.
RYAN REYNOLDS IN F1
The Hollywood actor heads a sports activities advertising and marketing firm referred to as Maximum Effort Investments with a number of companions. He and Rob McElhenney took over Wrexham AFC in November 2020. A well-liked documentary-series ‘Welcome to Wrexham’ has proved a giant hit in North America, propelling the little-known membership into the worldwide highlight.
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Now Reuters experiences {that a} $218-million deal values French-named, British-based Formula 1 racing outfit at $900 million. As a part of the deal, Otro Capital co-founder, Alec Scheiner, will be a part of Alpine Racing’s board of administrators.
The Alpine F1 racing workforce – previously Renault and Benetton F1 – is managed by Renault however primarily based at Enstone in England and received the Formula One constructors’ world championships in 2005 and 2006, in addition to the drivers’ championship with Fernando Alonso on the wheel.
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Alpine F1 positioned fourth within the 2022 championship and is presently fifth after eight races within the 2023 season.
OFFICIAL COMMENT FROM ALPINE
“This association is an important step to enhance our performance at all levels. Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognised expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term. The incremental revenue generated will in turn be reinvested in the team, in order to further accelerate our plans to catch up with top teams in terms of state-of-the-art facilities and equipment.”
Alpine CEO Laurent Rossi
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