Ryan Reynolds has swiftly zoomed into the Formula 1 family, and he’s been giving lessons in excellence. The Canadian actor gripped the imagination of the entire world from the big screens of Hollywood. However, now, he’s been making some mega moves on the fiscal side of things. To call him smart would be an understatement. But how has Deadpool hit the jackpot with his massive investments in a struggling F1 team?
Alpine is nowhere near the front of the racing pack in F1. Yet, Reynolds, along with a consortium of other investors pumped an eye-watering $218,000,000 into the Enstone-based Formula 1 team to buy a substantial stake in it. However, on track, the performance of the team has only been middling. Then why is Reynolds being hailed as a strategic and investing genius by everyone who knows this deal?
F1 plays big, Ryan Reynolds wins big
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F1 isn’t the only playing field where Reynolds aims to win big. Recently, he parted with his share in Mint Mobile for a whopping $300,000,000 payout. But things got better as F1 gave arguably America’s biggest sporting event a run for its money in terms of viewership, globally.
2021: Buy Wrexham for £2million
2023: Purchase a 24% stake in #F1 team AlpineRyan Reynolds and Rob McElhenney have certainly caught the ‘sporting bug’ ⚽️🏎️ 🤑 pic.twitter.com/HZOqNv0mX8
— SPORTbible (@sportbible) June 26, 2023
According to Hunter Hammonds, CEO at Assembly, “Why the hell did he [Ryan Reynolds] buy an F1 team? He understands trends. The global TV audience for the 2022 F1 season was 1.54 billion. That’s 15x the Super Bowl! It was the fastest-growing major sports league on the planet in terms of follower growth.”
Reynolds has been earning big with his feet dabbling into the world of F1 racing, but what does Alpine get in return?
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Reynolds to transform Alpine into winners
Reynolds and Alpine both know that money can get you only so far. Hence, the consortium that has invested in the team are not just faces with big pockets. It has been a strategic endeavor to introduce money and experience into a team that has the potential to become game-changers in this sport.
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Deadpool 🤝 @AlpineF1Team
Take a deep dive into what the deal between Ryan Reynolds' consortium of investors means for Alpine #AustrianGP #F1 #F1Unlocked
— Formula 1 (@F1) June 29, 2023
Alpine’s statement at the time of the investment explains as much. It stated that the team “will benefit from the investor group’s collective expertise and track record in the sports industry including media, sponsorship, ticketing, hospitality, commercial rights management, licensing, and merchandising strategies to unlock incremental value creation and new growth levers.”
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Do you think Ryan Reynolds & Co. can take Alpine to the F1 world championship titles?
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