Ryan Reynolds and Rob McElhenney among new investors backing F1 team Alpine

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Ryan Reynolds and Rob McElhenney among new investors backing F1 team Alpine
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After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney - of 'It's Always Sunny in Philadelphia' fame - are setting their sights on Formula One.

After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights onF1 team Alpine has secured a 200 million euro investment from a group of investors that includes the actors.

French automotive company Renault Group — Alpine's parent company — said Monday that the group has acquired a 24% stake in the team. It includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, which is led by Reynolds. “The transaction values Alpine Racing Ltd. around $900 million following this investment,” the team said in a statement."It will accelerate Alpine’s growth plans and sporting ambitions in F1."

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