• Loading stock data...
Thursday, May 8, 2025
Join us May 14 at 1 p.m. ET for Future of Sports: Leagues of Their Own Register Now

Trio Of Hollywood Stars Front $220M Investment Into Alpine F1 Team

  • High-profile actors will join RedBird Capital Partners, Otro Partners
  • Reynolds’ involvement closely follows failed bid for Ottawa Senators
Jessica Alcheh-USA TODAY Sports

Hollywood stars Ryan Reynolds, Rob McElhenney, and Michael B. Jordan are part of a $220 million capital infusion into the Renault-owned Alpine Formula 1 team.

The trio — working through Reynolds’ Maximum Effort Investments — will join a broader investment effort that also includes Otro Capital and RedBird Capital Partners and will acquire a 24% stake in the Alpine team. The agreement implies a valuation of about $900 million on the team.

RedBird’s interest in the Alpine team was previously reported, but the arrival of the Hollywood trio gives the effort another sizable jolt of star power. The investment group will aid in key revenue-generating activities, such as media rights and sponsorship sales, during a boom period for F1.

“This partnership will accelerate Alpine F1 development by diversifying revenue drivers and increasing brand value,” said Luca de Meo, Renault Group CEO. 

The deal also closely follows Reynolds’ failed effort to acquire the NHL’s Ottawa Senators. 

Reynolds and McElhenney have become prominent figures in the sports world through their purchase of Welsh soccer club Wrexham AFC and subsequent development of the popular documentary series “Welcome to Wrexham.”

F1 CEO Stefano Domenicali said earlier this month that F1 team owners have been turning down investment and buyout offers worth “almost billions.”

An enforced scarcity is a key element of the investor interest. F1 has remained at 10 teams despite the property’s ongoing growth.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Kansas City Chiefs quarterback Patrick Mahomes (15) raises the Lamar Hunt Trophy with tight end Travis Kelce (87) after the AFC championship NFL game between the Cincinnati Bengals and the Kansas City Chiefs on Jan. 29, 2023, at Arrowhead Stadium in Kansas City.

F1 Team Part-Owned by Mahomes, Kelce Makes Changes Amid Struggle

Alpine is ninth in the constructors’ championship.
May 4, 2025; Miami Gardens, FL, USA; Red Bull driver Max Verstappen (1) and McLaren driver Oscar Piastri (81) during the F1 Miami Grand Prix at Miami International Autodrome.

F1 Loses Money, but Books $14.2B in Future Revenue

Executives convey optimism despite earnings issues and unresolved media rights.
Fat Perez reacts after hitting his shot on the 16th tee during the WHOOP Shot at Glory on the 16th hole at TPC in Scottsdale on Feb. 5, 2025.

Golf Influencers Are the New Currency for PGA Tour and LIV

YouTube golf is big business. The rival tours are staging formal events.
May 4, 2025; Miami Gardens, FL, USA; McLaren driver Oscar Piastri (right) celebrates with the winners trophy while talking McLaren driver Lando Norris (left) after winning the F1 Miami Grand Prix at Miami International Autodrome.

F1’s Miami Grand Prix Sees Ratings Slide, Yet Remains a Top U.S...

An average of 2.1 million viewers watched McLaren’s 1–2 finish Sunday.

Featured Today

Feb 8, 2025; New York, New York, USA; New York Knicks assistant coach Rick Brunson talks with New York Knicks guard Jalen Brunson (11), forward Mikal Bridges (25), and guard Josh Hart (3) during a timeout in the third quarter against the Boston Celtics at Madison Square Garden.

Before the Villanova Knicks, There Were the Kentucky Celtics

Three decades ago, Boston tried its own version of the college-teammate experiment.
Mar 22, 2025; Miami, FL, USA; Joao Fonseca (BRZ) reacts after winning a point against Ugo Humbert (FRA)(not pictured) on day five of the Miami Open at Hard Rock Stadium.
May 6, 2025

João Fonseca Is a Teen Tennis Phenom. His Parents Are Overseeing His..

The Brazilian is forgoing a management team in favor of his parents.
Athlos
May 4, 2025

Nike Wants to Pull Off the First Women’s Sub-4:00 Mile

Experts speak on whether Nike’s “moonshot” is realistic or a gimmick.
Apr 12, 2025; Cleveland, Ohio, USA; MLB umpire Ron Kulpa (46) calls a third strike during a game between the Cleveland Guardians and the Kansas City Royals at Progressive Field
May 4, 2025

Pro Refs Get Offered Free Lasik for Better Calls. Some Took It

Some pro officials have sprung for the offer for free corrective surgery.

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Portfolio Players is our bi-weekly spotlight on the athletes and investors reshaping the business of sports. This week, venture capitalist Kai Cunningham unpacks why athletes land top deals and how the usual investing rules don’t always apply.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.
February 18, 2025

Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red

Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
Teammates embrace during matchup in The Hundred cricket league
February 15, 2025

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.