Alpine sells 24% stake in the F1 team to actor Ryan Reynolds

the group Renault It announced the transfer of 24% of its brand Formula 1 Alpine for 200 million Euros for a range of different funds: Other Capital, RedBird Capital Partners and Maximum Voltage Investments. That last group is where you are. Ryan Reynoldsfamous Hollywood actor

The stated goal for other capital’s entry, RedBird Capital Partners and maximum investment effort is “Accelerate growth strategy As well as Alpine sporting ambitions in Formula 1,” the French automaker explained in a statement.

To achieve this, the group of new investors will contribute their expertise in the world of sports, in particular in media arenasponsorship, exploit tickets, license management, or derivative products to create new revenue vectors and generate added value.

Renault confirmed that these investors have extensive experience in managing sports entities, such as Dallas CowboysFenway Sports Group. nflOr Toulouse or Wrexham AFC.

New contributors will also contribute their knowledge of data and technologies. Otro Capital co-founder and partner Alec Scheiner will enter the board of directors of Alpine, which is being evaluated through this process.More than 900 million dollars”, emphasized the French builder.

Renault indicated that the new shareholders will have no involvement in its subsidiary Alpine Racing SAS, Inc The entity that makes Formula 1 engineswhich is based in France, as opposed to the structure dedicated to Formula 1, which is based in the United Kingdom.

The company’s CEO, Luca de Meo, recalled that in the past two years his group had relaunched the Alpine A110 sports coupe and galvanized that brand with an exit to Formula One, where they want to “Fight for the title».

For his part, Shiner expressed his satisfaction with this process and confirmed that he and the rest of the investors believe they can contribute to Alpine’s experience Operations and building a brand image“especially in North America, to create value.”