Alpine's F1 team has raised 200m euro from investors, including Hollywood actor Ryan Reynolds. The equity sale values the team at $900 million.
On Monday Alpine's parent group Renault announced it has sold the shares, valuing the team at $900m, to an investment group including Otro Capital, RedBird Capital Partners and Maximum Effort Investments.
Maximum Effort Investments is led by actors Ryan Reynolds and Rob McElhenney, who also own Wrexham FC, with fellow actor Michael B Jordan joining as a co-investor.In its announcement Renault saidwould"benefit from the investor group’s collective expertise and track record in the sports industry including media, sponsorship, ticketing, hospitality, commercial rights management, licensing, and merchandising strategies to unlock incremental value creation and new growth levers.
"Alpine F1 team will also benefit from the Investor Group's expertise in data and technology, key enablers of marketing and commercial performance."
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