Formula One racing continues to grow in the United States, and it appears Hollywood is getting in on the action. F1 announced Monday that Alpine has secured €200 million ($218.3 million) from a group of investors that includes Ryan Reynolds.
Reynolds is best known for his role as Marvel’s Deadpool in the movie franchise of the same name. The investors group is composed of Otro Capital, RedBird Capital Partners and Maximum Effort Investments. Fellow actors Michael B. Jordan and Rob McElhenney also invested in the F1 team, according to ESPN and The New York Times.
The group acquired a 24% stake in the F1 team, resulting in a total valuation of approximately €900 million ($982.57 million). Alpine currently ranks fifth in the constructor’s championship standings.
