Ryan Reynolds Acquires 24% Stake in Alpine F1 Team, Now valued at €900m

Renowned Hollywood actor Ryan Reynolds has spearheaded an investment consortium, alongside Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, in acquiring a 24% stake in the Alpine F1 team. This substantial investment of €200 million has propelled the overall value of the team to €900 million, focusing solely on the F1 operations based in the United Kingdom, without incorporating the engine development assets in Viry, France.

Remarkably, this investor group, known for their involvement with esteemed entities such as the NFL's Dallas Cowboys, French football club Toulouse FC, and English football team Wrexham AFC, coincides with Reynolds' and co-owner Rob McElhenney's ownership of Wrexham AFC since November 2020, successfully guiding the team's return to the English Premier League after a 15-year hiatus.

Prominent figures in the F1 community, including Toto Wolff of Mercedes and Zak Brown of McLaren, have already affirmed that F1 teams hold valuations surpassing $1 billion USD. Consequently, there has been opposition to the entry of the Andretti F1 team, as existing teams fear a dilution of their winnings with the introduction of this new competitor.

Ironically, Alpine, under the ownership of the Renault Group, is expected to become the engine supplier to the team if its partnership with GM comes to fruition.

"Formula 1 and Alpine are strategic assets for the Renault Group. In the past two years, we have reinvigorated Alpine, leveraging its iconic A110 sports coupe, while venturing into Formula 1 with aspirations of becoming a championship contender. This collaboration will expedite the development of Alpine F1 by diversifying revenue streams and augmenting brand value," stated Renault Group CEO Luca de Meo.

Alpine CEO Laurent Rossi had previously indicated the team's openness to external investments, and now it has come to fruition.

"This association represents a crucial step in enhancing our performance across all aspects. Firstly, Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, internationally renowned players with an impressive track record in the sports industry, will leverage their recognized expertise to bolster our media and marketing strategy, which is vital for sustaining our sporting excellence in the long run. Secondly, the additional revenue generated will be reinvested in the team, further accelerating our Mountain Climber plan aimed at bridging the gap with top teams in terms of cutting-edge facilities and equipment," explained Rossi.

This initiative aligns with the broader goal of achieving €8 billion in revenue by 2030, which also encompasses the F1 investment reaching break-even point by 2026, coinciding with the implementation of new engine regulations.

Furthermore, Alpine has outlined plans to develop its own high-performance platform for 100% electric sports cars, encompassing the production of seven models, including a lineup expansion and an all-new A310 model.

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