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Reynolds, McElhenney invest in Alpine F1 team
Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday. The 200 million ($218.10m) deal values British-based Alpine Racing at around $900m following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. 'Deadpool' star Reynolds leads Maximum Effort Investments with McElhenney, of American comedy series 'It's Always Sunny in Philadelphia', and fellow-actor Michael B. Jordan as co-investors. Reynolds and McElhenney took over Wrexham in November...
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3y ago from espnF1.com
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