Ryan Reynolds and Hollywood Investors Boost Alpine F1 Team
TL;DR Summary
Actor Ryan Reynolds, RedBird Capital, and Otro Capital are among the investors buying a 24% stake in Renault's Alpine F1 Team for about €200m ($218m), valuing the team at roughly $900m. The deal is aimed at raising the visibility of Renault's Alpine electric vehicle line, as it pushes to have more than half its sales in EVs by 2030. Formula 1 has jumped in popularity in the US since its sale to Liberty Media in 2017, and the deal reflects growing US interest in the sport.
- Ryan Reynolds Invests in Alpine F1 Team The New York Times
- Alpine F1 secures 200m euro from investors including Ryan Reynolds Motorsport.com
- Reynolds, McElhenney join group investing in Alpine F1 team - ESPN ESPN.co.uk
- What new Hollywood backers mean for Alpine’s F1 team The Race
- Ryan Reynolds and RedBird Capital to invest in Alpine F1 team Financial Times
- View Full Coverage on Google News
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