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Wrexham’s Hollywood Owners Join Group Buying into Alpine F1 

Esteban Ocon of France driving the (31) Alpine F1 A523 Renault on track during the F1 Grand Prix of Canada at Circuit Gilles Villeneuve on June 18, 2023 in Montreal, Quebec. (Getty Images via AFP)
Esteban Ocon of France driving the (31) Alpine F1 A523 Renault on track during the F1 Grand Prix of Canada at Circuit Gilles Villeneuve on June 18, 2023 in Montreal, Quebec. (Getty Images via AFP)
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Wrexham’s Hollywood Owners Join Group Buying into Alpine F1 

Esteban Ocon of France driving the (31) Alpine F1 A523 Renault on track during the F1 Grand Prix of Canada at Circuit Gilles Villeneuve on June 18, 2023 in Montreal, Quebec. (Getty Images via AFP)
Esteban Ocon of France driving the (31) Alpine F1 A523 Renault on track during the F1 Grand Prix of Canada at Circuit Gilles Villeneuve on June 18, 2023 in Montreal, Quebec. (Getty Images via AFP)

Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday.

The 200 million euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment.

Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors.

"Deadpool" star Reynolds leads Maximum Effort Investments with McElhenney, of American comedy series "It's Always Sunny in Philadelphia", and fellow-actor Michael B. Jordan as co-investors.

Reynolds and McElhenney took over Wrexham in November 2020, funding the Welsh soccer club's return to the English Football League as fifth-tier champions in April this year.

Their popular docu-series "Welcome to Wrexham" has proved a big hit in North America, propelling the little-known club into the global spotlight.

Renault said Otro and RedBird's investment included the participation of the Huntsman Family and Main Street Advisors.

US investment firm RedBird, run by former Goldman Sachs banker Gerry Cardinale, is an investor in Fenway Sports Group, the owner of Premier League side Liverpool and the Boston Red Sox baseball team.

RedBird also has a controlling stake in French soccer club Toulouse and bought Italy's AC Milan last August in a 1.2 billion euro deal that also involved the owners of the New York Yankees baseball team.

Alpine Racing, with a factory at Enstone in central England, won Formula One constructors' world championships in 2005 and 2006 when they competed as Renault's works team and also as Benetton in 1995.

They finished fourth in the championship last year and are currently fifth after eight of 22 races.

Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker.

"This association is an important step to enhance our performance at all levels," said Alpine CEO Laurent Rossi.

"Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognized expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

"The incremental revenue generated will in turn be reinvested in the team, in order to further accelerate our Mountain Climber plan, aimed at catching up with top teams in terms of state-of-the-art facilities and equipment."

"Mountain Climber" is a plan to be fighting for championships within the space of 100 races, starting in 2022.

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Sports

IOC Boss Coventry Hails Milano Cortina Games a Success

20 February 2026, Italy, Milan: President of the International Olympic Committee (IOC) Kirsty Coventry holds a press conference. (dpa)
20 February 2026, Italy, Milan: President of the International Olympic Committee (IOC) Kirsty Coventry holds a press conference. (dpa)
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IOC Boss Coventry Hails Milano Cortina Games a Success

20 February 2026, Italy, Milan: President of the International Olympic Committee (IOC) Kirsty Coventry holds a press conference. (dpa)
20 February 2026, Italy, Milan: President of the International Olympic Committee (IOC) Kirsty Coventry holds a press conference. (dpa)

The Milano Cortina Olympics exceeded expectations despite a shaky build-up, IOC President Kirsty Coventry said on Friday, hailing the first spread-out Winter Games a success.

"These Games are truly ... successful in a new way of doing things, in a sustainable way of doing things, in a way that I think many people thought maybe we couldn't do, or couldn't be done well, and it's been done extremely well, and it's surpassed everyone's expectations," Coventry told a press conference.

It was the International Olympic Committee chief's clearest endorsement yet of a format that split events across several Alpine clusters rather than concentrating them in one host city.

Her assessment came after two weeks in which organizers sought to prove that a geographically dispersed Games could still deliver a consistent athlete experience.

The smooth delivery ‌comes after years ‌of logistical and political challenges, including construction delays at Milan’s Santagiulia Arena ‌and ⁠controversy over building ⁠a new sliding center in Cortina against IOC advice.

Organizers have also faced isolated disruptions during the Games, such as suspected sabotage on rail lines and protests in Milan over housing and environmental issues.

Transport concerns across the dispersed venues have been mitigated by limited cross-regional travel among spectators, though some competitors had to walk to the Cortina Curling Olympic Stadium in heavy snowfall that stopped traffic.

Central to the success of the Games, Coventry argued, was the effort to standardize conditions across multiple athlete villages despite the distances separating venues from Cortina d’Ampezzo to ⁠Livigno and Bormio.

Italian athletes’ performances also helped ticket sales, which amounted to ‌about 1.4 million.

"And the athletes are extremely happy. And they're happy ‌because the experiences that the MiCo (Milano Cortina) team and my team delivered to them have been the same," she ‌said.

Mixed relay silver medalist Tommaso Giacomel did, however, lament the fact there was no Olympic village near ‌the Antholz-Anterselva Biathlon Arena and that competitors were dotted around different hotels near the venue instead of in one place.

TWO OPENING CEREMONIES

Two opening ceremonies were held - the main one at Milan’s San Siro stadium and a more low-key parade on Cortina d’Ampezzo's Corso Italia, where athletes and spectators were within touching distance.

Feedback from competitors suggested the more intimate ‌settings had in some cases enhanced the Olympic atmosphere, Coventry said, taking the Cortina opening ceremony as an example.

The Zimbabwean, presiding over her first Games ⁠as IOC chief after elections in ⁠2025, framed Milano Cortina as proof of concept for future hosts grappling with rising costs and climate constraints, while acknowledging adjustments would follow.

"It allows us to really look at ourselves and look at the things that we have in place and how we're then going to make certain adjustments for the future," she said.

Beyond logistics, Coventry pointed to the broader impact of the Games, highlighting gender balance - with women making up 47% of competitors - and global engagement as marks of progress.

"But it's been an incredible experience and we're all very proud to have gender equity playing a big role in the delivery of the Games," she said, describing a "tremendous Games" in which athletes have "come together and shared in their passion".

With the closing ceremony in Verona approaching, Coventry said the focus would soon shift to a formal evaluation process, but insisted the headline conclusion was already clear.

"So we look forward to doing that and to learning from all the incredible experiences that I think all of the stakeholders have had across these Games, across these past two weeks," she said.

Sports

‘A Huge Mistake.’ Kompany Hits Out at Mourinho for Vinícius Júnior Comments

14 February 2026, Bremen: Bayern Munich coach Vincent Kompany gestures during the German Bundesliga soccer match between Werder Bremen and Bayern Munich at Weserstation. (dpa)
14 February 2026, Bremen: Bayern Munich coach Vincent Kompany gestures during the German Bundesliga soccer match between Werder Bremen and Bayern Munich at Weserstation. (dpa)
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‘A Huge Mistake.’ Kompany Hits Out at Mourinho for Vinícius Júnior Comments

14 February 2026, Bremen: Bayern Munich coach Vincent Kompany gestures during the German Bundesliga soccer match between Werder Bremen and Bayern Munich at Weserstation. (dpa)
14 February 2026, Bremen: Bayern Munich coach Vincent Kompany gestures during the German Bundesliga soccer match between Werder Bremen and Bayern Munich at Weserstation. (dpa)

Bayern Munich coach Vincent Kompany has criticized José Mourinho for attacking the character of Vinícius Júnior after the Real Madrid star accused an opponent of racially insulting him during a Champions League match.

Benfica coach Mourinho suggested that Brazil forward Vinícius had incited Benfica's players with his celebrations after scoring the only goal in Tuesday's playoff match.

Vinícius accused Benfica's Gianluca Prestianni of calling him "monkey" during a confrontation after his goal.

Mourinho also questioned why Vinícius, who is Black and has been subjected to repeated racist insults in Spain, was so frequently targeted.

"There is something wrong because it happens in every stadium," Mourinho said. "The stadium where Vinícius played something happened. Always."

Speaking on Friday, Kompany condemned Mourinho's comments.

"So after the game you have the leader of an organization, José Mourinho, who attacks the character of Vinícius Júnior by bringing in the type of celebration to discredit what Vinícius is doing in this moment," Kompany said. "And for me in terms of leadership, it’s a huge mistake and it’s something that we should not accept."

Mourinho’s celebrations

UEFA appointed a special investigator on Wednesday to gather evidence about what happened in Lisbon in Madrid’s 1-0 win in the first leg of the Champions League playoffs. Madrid said it had sent "all available evidence" of the alleged incident to European soccer's governing body.

Referring to Vinícius' celebrations after curling a shot into the top corner, Mourinho said he should "celebrate in a respectful way."

Kompany pointed out Mourinho's own history of exuberant celebrations — such as when he ran down the sideline to cheer when his Porto team beat Manchester United in the Champions League.

Kompany said Mourinho's former players "love him" and added "I know he’s a good person."

"I don’t need to judge him as a person, but I know what I’ve heard. I understand maybe what he’s done, but he’s made a mistake and it’s something that hopefully in the future won’t happen like this again," he said.

Prestianni denied racially insulting Vinícius. Benfica said the Argentine player was the victim of a "defamation campaign."

‘Right thing to do’

Kompany said Vinícius' reaction "cannot be faked."

"You can see it — his reaction is an emotional reaction. I don’t see any benefit for him to go to the referee and put all this misery on his shoulders," he said. "There is absolutely no reason for Vini Junior to go and do this.

"I think in his mind he’s doing it more because it’s the right thing to do in that moment."

Kompany added: "You have a player who’s complaining. You have a player who says he didn’t do it. And I think unless the player himself comes forward, it’s difficult. It’s a difficult case."

Sports

FIFA to Lead $75m Palestinian Soccer Rebuilding Fund

President of FIFA Gianni Infantino attended the inaugural meeting of US President Donald Trump's 'Board of Peace'. CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA/AFP
President of FIFA Gianni Infantino attended the inaugural meeting of US President Donald Trump's 'Board of Peace'. CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA/AFP
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FIFA to Lead $75m Palestinian Soccer Rebuilding Fund

President of FIFA Gianni Infantino attended the inaugural meeting of US President Donald Trump's 'Board of Peace'. CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA/AFP
President of FIFA Gianni Infantino attended the inaugural meeting of US President Donald Trump's 'Board of Peace'. CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA/AFP

FIFA will spearhead a $75 million fund to rebuild soccer facilities in Gaza that were destroyed by the war between Israel and Hamas, President Donald Trump and the sport's governing body said Thursday.

Trump made the announcement in Washington at the first meeting of his "Board of Peace," an amorphous institution that features two dozen of the US president's close allies and is initially focused on rebuilding the Gaza strip, said AFP.

"I'm also pleased to announce that FIFA will be helping to raise a total of $75 million for projects in Gaza," said Trump.

"And I think they're soccer related, where you're doing fields and you're getting the greatest stars in the world to go there -- people that are bigger stars than you and I, Gianni," he added, referring to FIFA president Gianni Infantino, who was present at the event.

"So it's really something. We'll soon be detailing the announcement, and if I can do I'll get over there with you," Trump said.

Later Thursday, FIFA issued a statement providing more details, including plans to construct a football academy, a new 20,000-seat national stadium and dozens of pitches.

The FIFA communique did not mention Trump's $75 million figure, and said funds would be raised "from international leaders and institutions."

Infantino has fostered close ties with Trump, awarding him an inaugural FIFA "Peace Prize" at the World Cup draw in December.

At Thursday's meeting, the FIFA president donned a red baseball cap emblazoned with "USA" and "45-47," the latter a reference to Trump's two terms in the White House.

In FIFA's statement, Infantino hailed "a landmark partnership agreement that will foster investment into football for the purpose of helping the recovery process in post conflict areas."

The "Board of Peace" came together after the Trump administration, teaming up with Qatar and Egypt, negotiated a ceasefire in October to halt two years of devastating war in Gaza.

The United States says it is now focused on disarming Hamas -- the Palestinian group whose unprecedented October 7, 2023, attack on Israel triggered the massive offensive.