Alpine F1 Team and its manufacturer Renault Group announced June 26 that a group including Otro Capital RedBird Capital Partners and Maximum Effort Investments have invested $218 million into Alpine.
According to Renault, the transaction gives the investment group a 24% stake in the team.
Maximum Effort Investments is headed by actors Ryan Reynolds and Rob McElhenney. Other actors involved in the investment include Michael B. Jordan.
“This association is an important step to enhance our performance at all levels.” Alpine CEO Laurent Rossie said in a release. “First, Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognized expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.
“Second, the incremental revenue generated will in turn be reinvested in the team, in order to further accelerate our Mountain Climber plan, aimed at catching up with top teams in terms of state-of-the-art facilities and equipment.”
Reynolds and McElhenney are also owners of Wrexham AFC of EFL League Two.
The investment will value Alpine at $900 million and help the team in its goal to grow in F1.
About the author
Luken Glover arrived on the Frontstretch scene in 2020. He has been an avid NASCAR fan for the majority of his life, following in the footsteps of his grandfather, who used to help former team owner Junie Donlavey in his garage. Glover covers news for the site and took over "The Underdog House" column in 2021. In addition to being a college junior, his hobbies include volunteering at church, playing basketball and tennis, racing go-karts, and helping at his high school alma mater.
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