Hollywood actor Ryan Reynolds eyes Alpine F1 team in $218m deal

Ryan Reynolds

After football, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One.

F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors.

French automotive company Renault Group - Alpine's parent company - said on Monday that the group has acquired a 24 per cent stake in the team. It includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, which is led by Reynolds.

"The transaction values Alpine Racing Ltd around $900 million following this investment," the team said in a statement. "It will accelerate Alpine's growth plans and sporting ambitions in F1."

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