Alpine: Ryan Reynolds and Rob McElhenney part of group taking 24% equity stake in F1 team

Wrexham Football Club owners Ryan Reynolds and Rob McElhenney are part of an investor group taking a 24% equity stake in Formula 1 team Alpine. The 200m euros (£171m) deal values Alpine Racing, which is based in Britain, at about £706m. US investment firm RedBird is an investor in Fenway Sports Group, the owner of Premier League side Liverpool and the Boston Red Sox baseball team. Alpine chief executive Laurent Rossi said: “This association is an important step to enhance our performance at all levels.”. Rossi added the investment would “boost” the F1 team’s media profile, which in turn would support Alpine’s “performance over the long term”.

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