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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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Verstappen Captures 4th F1 Championship after Mercedes Sweep of Las Vegas Grand Prix

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein
Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein
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Verstappen Captures 4th F1 Championship after Mercedes Sweep of Las Vegas Grand Prix

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein
Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein

Max Verstappen cruised to a fourth consecutive Formula 1 championship on Saturday night by finishing fifth in the Las Vegas Grand Prix.
Verstappen needed only to finish ahead of Lando Norris of McLaren to give Red Bull a fourth straight driver championship. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip.
Norris, who had to score at least three points more than Verstappen to extend the championship fight, finished sixth. Verstappen needed only to finish higher than Norris to win the title, which he did with two races remaining on the season.
He ended the race up 63 points over Norris with two events remaining this season.
“Max Verstappen you are a four-time world champion," team principal Christian Horner said on the radio. "That is a phenomenal, phenomenal achievement. You can be incredibly proud of yourself as we are."
Verstappen, only the sixth driver in F1 history to win at least four titles, sounded unusually emotional on the radio.
“Oh My God, what a season. Four times. Thank you, thank you guys,” he said. “We gave it all.”
The race was won, meanwhile, by George Russell who was followed by Lewis Hamilton in the first 1-2 sweep for the Mercedes drivers since 2022. Hamilton came from 10th on the grid — two weeks after a demoralizing race in Brazil — to capture his podium finish.
The duo crossed the finish line under a checkered flag waved by actor Sylvester Stallone.
Carlos Sainz Jr. finished third for Ferrari as the constructor championship remains a tight battle between leader McLaren and Ferrari. Charles Leclerc, his teammate, was fourth. Red Bull had won the title that pays roughly $150 million in prize money the last two seasons but has slipped to third in the standings.
But that championship battle appears headed to next month's season finale in Abu Dhabi. McLaren has a 24-point lead over Ferrari headed into this weekend's race in Qatar after Norris and Oscar Piastri finished sixth and seventh in Las Vegas.
“Max deserved to win it. He drove a better season than I did, he deserved it more than anyone else,” Norris said. “Max just doesn't have a weakness. When he's got the best car, he dominates and when he's not got the best car, he's still just there always.”
Verstappen, meanwhile, made easy work of Norris after a season where the McLaren driver pushed him harder than he'd been challenged since Verstappen's first title in 2021.
“To stand here as a four-time world champion is something I never thought would be possible,” Verstappen told actor Terry Crews, who moderated the podium news conference held in front of the Bellagio's famed fountains.
“It was a very challenging season and I had to be calm. I think this season taught me a lot of lessons and we handled it well as a team, so that of course makes it a very special and beautiful season.”
Verstappen, who is 27, won 19 races last year. He opened this season on a tear but a long winless streak from June until Brazil two weeks ago has him with only eight wins, his fewest since 2020.
Verstappen asked at the Bellagio what time it was, noting he was in Las Vegas and “I'm very thirsty.” He had a champagne celebration awaiting him.
Race-winner Russell, meanwhile, said he’d be skipping his scheduled flight home to celebrate the victory with actor Crews. He also twice had to sit down on the podium to wipe champagne out of his eyes.
Verstappen was cruising in third with about 20 laps remaining and not overly pushing when Red Bull urged Verstappen to be patient over the team radio.
“Max, just don't lose sight of our aim today, yeah?” he was told.
Verstappen wasn't interested in receiving any instructions.
“Yeah, yeah. I'm doing my race,” he replied.
When he later saw the Ferrari drivers behind him, he asked for instructions because of the constructor championship implications.
"Do you want me to try to keep them behind or what?" Verstappen asked of Sainz and Leclerc.
"I think you should, yeah," Red Bull told Verstappen.
He couldn't hold them off but it made no difference as his season was dominant enough to match former Red Bull driver Sebastian Vettel as four-time champions for the organization.
This was the second year of the race after last year's debut was a bit of a disaster in that locals were livid for months over ongoing construction, as well as traffic detours and delays, the inability to access many local businesses, outrageous price gouging by the tourism industry as well as LVGP ticketing, and then a loose valve cover that nearly destroyed Sainz's Ferrari minutes into the first practice.
It caused an hours-long delay for repairs, fans were kicked out of the circuit, and F1 ran practice until 4 a.m. — when it legally had to reopen the streets to the public.
This year has been far less hectic, in part because all of the infrastructure headaches were a year ago, but also that last year's race was spectacular. Despite all its speed bumps, the actual running of the race was one of the best of the F1 season.
Russell started on the pole ahead of Sainz, who wanted redemption after the valve-cover fiasco last year. He had to serve a penalty because his car was damaged in the incident.
“I was hoping Vegas had something to offer me after last year, but I will take a podium," Sainz said. "I was looking at every manhole, avoiding them this time.”
The race is the final stop in the United States for F1, which has exploded in American popularity the last five years. The trio of races in Miami; Austin, Texas; and Las Vegas are more than any other country.
After the race completion, F1 next week is expected to announce it will expand the grid to 11 teams to make room for an American team backed by General Motors' Cadillac brand. The team was initially started by Michael Andretti, who could not receive approval from F1 on his expansion application.
Andretti has since turned over his ownership stake to Indiana-businessman Dan Towriss and Mark Walter, the controlling owner of the Los Angeles Dodgers. They would run the Cadillac F1 team that would likely join the grid in 2026.
The announcement of the American team did not come during the weekend to not derail from the Las Vegas Grand Prix, which is the showpiece of the Liberty Media portfolio.
The race drew 306,000 fans over three days.