Hollywood actors buy stake in F1’s Alpine Racing

AFP | London

The Daily Tribune – www.newsofbahrain.com

Hollywood actors Ryan Reynolds, Rob McElhenney and Michael B. Jordan are among a consortium that has bought a 24 percent stake in Formula One team Alpine Racing.

Alpine’s parent company Renault announced on Monday that the group will invest 200 million euros ($218 million) for their stake, valuing the team at $900 million, to help Alpine’s “growth strategy and sporting ambitions”.

“Deadpool” star Reynolds and “It’s Always Sunny In Philadelphia” creator McElhenney have already enjoyed success with sporting investments as owners of football club Wrexham.

Backed by major investment, the Welsh side were promoted to the fourth tier of the English Football League in April for the first time in 15 years.