Ryan Reynolds Paid $218 Million to Acquire 24% Stake in F1 Team Alpine? What is the Truth Behind It?
Ryan Reynolds and his crew are diving headfirst into the wild world of sports. First, they worked their magic on Wrexham AFC, turning it into a sensation. But that’s not enough for these power players. Now, Reynolds and his partner, Rob McElhenney, have snatched up a whopping 24% stake in the prestigious F1 racing team, Alpine. With their million-dollar investment, Alpine’s net worth skyrocketed to a mind-boggling $900 million. That’s some next-level financial wizardry right there.
The huge deal had in the saying that a staggering $218 million was shelled out by Reynolds to acquire a stake in Alpine. However, his decision faced criticism from some quarters because of Alpine’s relatively lower standing in the racing hierarchy. But what is the real story behind this investment?
The real deal behind Ryan Reynolds’ Alpine investment
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Alpine currently holds the fifth position in the constructors’ ranking. Certainly why Ryan Reynolds has faced scrutiny for his investment in a seemingly struggling racing team. However, what many are unaware of is that Reynolds and his partner Rob McElhenney have not personally invested any of their own money. According to the Daily Mail, the duo’s involvement in the deal stems from the exchange of their fame and reputation. The financial injection for the team has actually come from Otro Capital and Red Bird Capital Partners.
The duo is expected to bring the same level of success they achieved with their soccer club, Wrexham AFC. Through their documentary series, Welcome to Wrexham, Reynolds, and McElhenney played a significant role in reviving the Welsh club. Now, they are poised to utilize their storytelling prowess once again, this time for Alpine. The precise details of their investment and involvement are unclear. Reynolds’ sharp business acumen is likely to propel Alpine forward, just as Wrexham AFC rose to secure the national league title.
Whether it is his collaboration with fellow actor McElhenney or his beloved wife Blake Lively, the star of Red Notice has flourished and made a mark in the business world with his successful ventures.
Ryan Reynolds: The ultimate business mogul
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With Wrexham AFC securing a sponsorship deal with United Airlines, Ryan Reynolds’ commercial appeal knows no bounds. In addition to this, he extended an invitation to F1 racer Pierre Gasly to visit the Deadpool set in London, showcasing his ability to leverage his image. Prior to his involvement with Wrexham and Alpine, Reynolds had already established his own gin brand, Aviation, which he later sold to Diageo.
In addition to his involvement with Wrexham and Alpine, Reynolds holds stakes in various other ventures. These include the mobile phone company Mint, the dating website company Match Group, the sports streaming company Fubo TV, and Wealthsimple, a Canadian financial services company.
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Do you think with Reynolds’ intrusion, Alpine will also reach heights just like the Welsh Club Wrexham AFC? Let us know in the comments below.
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