Hollywood actor Ryan Reynolds and AC Milan owner RedBird Capital Partners lead a group of investors who have bought a stake in the French Alpine F1 team. The new shareholders will spend 200 million euros ($218 million) for a 24% stake in Alpine Racing Ltd., the Formula 1 team that finished in the top four in the 2022 World Championship.
According to calculations by the team, this operation will increase the value of the team to 900 million dollars. In addition, they maintain that "it will accelerate Alpine's growth plans and sports ambitions" in the Formula 1 World Cup.
"Formula 1 and Alpine are strategic assets for the Renault Group," Renault CEO Luca de Meo explained in a statement. The person in charge assures that this "association will accelerate the development of Alpine F1 by diversifying the generators of income and increasing the value of the brand".
From Alpine, they also highlight that the new investors, among which actor Ryan Reynolds is included, have significant background at the sports level: "They will contribute their recognized experience to promote our media and marketing strategy, essential to support our long-term sports performance." term".
In addition, they believe that the "revenues generated will in turn be reinvested in the team, in order to further accelerate the Mountain Climber plan, which aims to catch up with the best teams in terms of state-of-the-art facilities and equipment."
