Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company, Renault, announced Monday.
The €200 million ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. «Deadpool» star Reynolds leads Maximum Effort Investments with McElhenney, of the American comedy series «It's Always Sunny in Philadelphia,» and fellow actor Michael B.
Jordan as co-investors. Reynolds and McElhenney took over Wrexham in November 2020, funding the Welsh club's return to the English Football League as fifth-tier champions in April this year.
Their popular Disney+ docu-series «Welcome to Wrexham» has proved a big hit in North America, propelling the little-known club into the global spotlight.