Ryan Reynolds and Rob McElhenney acquire 24% Alpine stake, valuing company at £171 million
Posted : 26 June 2023
Ryan Reynolds and Rob McElhenney, owners of Wrexham Football Club, have joined an investor group that will acquire a 24% equity stake in the Formula 1 team Alpine.
Renault, the parent company of Alpine, announced the involvement of the two Hollywood actors on Monday, alongside Otro Capital and RedBird Capital Partners.
The deal, valued at around £171 million (€200 million), establishes the worth of Alpine Racing, based in the UK, at approximately £706 million.
In the current Formula 1 constructors' championship, Alpine holds the fifth position.
Reynolds and McElhenney took over Wrexham in 2021, and the Welsh club achieved promotion back to the Football League after a 15-year absence by winning the National League title in April.