Ryan Reynolds and Rob McElhenney, the actors who lifted Wrexham FC to global prominence after buying the Welsh soccer club in 2020, have turned their attention to Formula One racing, joining an investment group that is taking a 24 percent equity stake in the Alpine Racing F1 team.
Renault Group, the French company that is Alpine's parent, announced the investment Monday by a group that includes Otro Capital, RedBird Capital Partners and the actors' Maximum Effort Investments, in which actor Michael B. Jordan is also an investor. RedBird is also an investor in Fenway Sports Group, owner of the Boston Red Sox, the Pittsburgh Penguins and Liverpool of the English Premier League. RedBird also owns AC Milan of Italy's Serie A and has a controlling interest in the French club Toulouse FC.