Ryan Reynolds and Rob McElhenney Expand Business Empire with Investment in F1 Team
Ryan Reynolds and Rob McElhenney, the owners of Wrexham FC, have joined an investment group that is taking a 24% equity stake in the Alpine Racing F1 team. The investment, which values Alpine Racing at around $900 million, includes RedBird Capital Partners, Otro Capital, and Maximum Effort Investments, in which actor Michael B. Jordan is also an investor. The move is expected to accelerate Alpine's growth plans and sporting ambitions in F1.