The deal which values the team owned by Renault at $900m shows the sport is rich and is growing in popularity in the US
Famously once a sport where fortunes could be drained away in a few short years, often with little or no return, Formula One, it appears, is finally making the numbers add up. Ryan Reynolds and Rob McElhenney have stolen the headlines with their investment in the Alpine team but what speaks volumes is that the consortium of which they are part wanted into F1 to the tune of £157m in the first place.
Reynolds and McElhenney, having enjoyed success following their purchase of Wrexham in 2021, have been joined by fellow actor Michael B Jordan as co-investors in the 24% stake of Alpine. However, whereas with Wrexham it was a personal affair, it is clear there is a very serious business side to them putting money into F1.
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