Hollywood Stars Ryan Reynolds and Rob McElhenney Invest $218 Million in Formula 1 Team Alpine

Ryan Reynolds, Rob McElhenney, and Michael B. Jordan have joined an investment group that has acquired a 24% stake in Formula 1 team Alpine Racing for $218 million.
The deal values Alpine Racing at around $900 million and aims to accelerate the team's growth and ambitions in Formula 1.
Reynolds, McElhenney, and Jordan bring expertise in sports, media, and marketing from their ownership of Wrexham AFC and various entertainment ventures.
The investment provides Alpine Racing with funds to improve its on-track performance and close the gap to F1's top teams like Red Bull, Ferrari, and Mercedes.
Formula 1's popularity, especially in the US, has surged in recent years, and the deal reflects the sport's increasing value and allure to celebrities, investors, and brands.