Ryan Reynolds and Rob McElhenney have joined an investment group taking a 24% stake in Formula 1 team Alpine Racing, worth approximately $218 million. This transaction values Alpine Racing Ltd. around $900 million and will "accelerate Alpine's growth plans and sporting ambitions in F1". The two actors have previously completed a $2.5 million takeover of Welsh soccer team Wrexham and are now looking to make a success of their latest investment in Formula 1.
