Philly's Rob McElhenney, Ryan Reynolds among new investors backing F1 team in $218 million deal

After soccer, Hollywood stars Ryan Reynolds and Philadelphia native Rob McElhenney are setting their sights on Formula One.

F1 team Alpine has secured a 200 million euro investment from a group of investors that includes the actors.

"The transaction values Alpine Racing Ltd. around $900 million following this investment," the team said in a statement. "It will accelerate Alpine's growth plans and sporting ambitions in F1."Reynolds and McElhenney completed a $2.5 million takeover of Welsh soccer team Wrexham in November 2020. The club was thrust into the global spotlight because of its A-list owners and secured promotion to the fourth tier of English soccer this season.

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