Hollywood actors Ryan Reynolds and Rob McElhenney have reportedly acquired a stake in the Alpine Formula One team as part of a $218 million deal without putting in any of their own money.
The Alpine team hopes to capitalize on the high-profile status of Reynolds and McElhenney, similar to the rapid rise of Reynolds's football club Wrexham. The actors, along with actor Michel B. Jordan, co-own Maximum Effort Investments, an investment company that is expected to own approximately 2% to 3% of the 24% stake in Alpine.
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Reynolds has a net worth of around $374 million and rising. In addition to his earnings from blockbuster movies, he previously held a stake in Aviation American Gin, a brand that was acquired by Diageo in 2020 for nearly $667 million, just months before his acquisition of Wrexham. T-Mobile's acquisition of Mint Mobile for $1.35 billion resulted in Reynolds receiving approximately $300 million from the deal, according to The Wall Street Journal.
McElhenney is an accomplished American actor, writer, producer and director. He gained widespread recognition for his notable work as the creator, co-writer and star of the popular FX comedy series "It's Always Sunny in Philadelphia." McElhenney's creative contributions to the show have garnered critical acclaim and a dedicated fan base.
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