The Alpine Formula 1 team has sold 24% of its shares to a US-based investor group including Hollywood actor Ryan Reynolds, for just over €200m.
On Monday Alpine’s parent group Renault announced it has sold the shares, valuing the team at $900m, to an investment group including Otro Capital, RedBird Capital Partners and Maximum Effort Investments.
US investment firm RedBird’s portfolio includes the third-largest stake in Fenway Sports Group, a group which owns the MLB team Boston Red Sox and Premier League club Liverpool FC. It also holds a stake in football clubs AC Milan and Toulouse.
Maximum Effort Investments is led by actors Ryan Reynolds and Rob McElhenney, who also own Wrexham FC, with fellow actor Michael B Jordan joining as a co-investor.
Also British racing team Hitech has formally confirmed it has lodged an entry to join the Formula 1 grid in 2026, after revealing a major new investment deal.
The Silverstone-based squad, which currently races in F2, F3 and F4, announced on Monday that its parent company Hitech Global Holdings Limited had sold a 25% stake to Kazakh businessman Vladimir Kim.
As well as Hitech, other outfits to have confirmed their applications are Andretti, which has formed a partnership with Cadillac, and former BAR boss Craig Pollock who has revealed plans for ‘Formula Equal’ which is a team made up with a 50:50 male-female ratio of staff.
