Hollywood star Ryan Reynolds among new investors backing F1 team Alpine in $218 million deal

After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One.

Alpine driver Pierre Gasly, of France, comes onto the track during the Formula One Canadian Grand Prix auto race Sunday, July 18, 2023, in Montreal.

French automotive company Renault Group — Alpine's parent company — said Monday that the group has acquired a 24% stake in the team. It includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, which is led by Reynolds.

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