Hollywood actors Ryan Reynolds and Rob McElhenney have reportedly acquired a stake in the Alpine Formula One team as part of a $218 million deal without putting in any of their own money.
According to The Mail, Reynolds and McElhenney agreed to join a consortium that purchased a 24% stake in the team, which is now valued at around $900 million following the investment. The consortium includes American investment firms Otro Capital and RedBird Capital Partners. Reynolds and McElhenney are expected to leverage their fame and storytelling skills to generate revenue, potentially through a documentary series.
The Alpine team hopes to capitalize on the high-profile status of Reynolds and McElhenney, similar to the rapid rise of Reynolds’s football club Wrexham. The actors, along with actor Michel B. Jordan, co-own Maximum Effort Investments, an investment company that is expected to own approximately 2% to 3% of the 24% stake in Alpine.
While Reynolds may not necessarily have used his own…
2023-07-17 10:03:11
Post from finance.yahoo.com
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