Undoubtedly, Ryan Reynolds’ success in the soccer universe is close to unbelievable. In such a short span of time, the Deadpool star has become a fan favorite. Along with Rob McElhenney, the two of them took over Wrexham in February 2021. Recently, the celebrity duo made another major investment, but this time in F1. They invested a sizeable amount in Alpine Racing.
In a recent discussion, an American sports anchor joked about Reynolds and McElhenney running for President and Vice President. That is simply because they’re attempting to take over everything! Just months ago, the comedic actor was looking to take over the Ottawa Senators but he then stepped out of the deal.
Imagine the Wrexham owners running for the US presidency!
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In such a short span of time, Reynolds has already achieved the world at Wrexham. The Hollywood star has helped the Welsh soccer club amass success on and off the pitch. The club achieved automatic promotion to the EFL League Two after a record 111-point season. Most recently, Reynolds and his investor partner in crime acquired a stake in the F1 universe.
They acquired a stake in Alpine Racing whose parent company is Renault. In context to the same, ESPN’s Katie George joked that the Hollywood duo should stand for the election next. She said, “It feels like at this point Ryan Reynolds and Rob McElhenney need to be on a 2024 ticket here in the United States to run for President and Vice President because they’re just kind of taking over everything it seems”.
It was a $218.10 million acquisition. This acquisition pushed Alpine’s valuation to about $900 million. Ryan Reynolds and Rob McElhenney joined hands with Otro Capital and RedBird Capital Partners. Surprisingly, they have Michael B. Jordan on board as well. Together they acquired a 24% stake in the F1 entity.
The F1 team was supposedly looking for an investment. This was mainly to pay off its debts with its own parent company. Let’s dive deeper.
Putting the Alpine acquisition into perspective
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In a recent conversation, ESPN’s Laurence Edmondson shed some light on the recent takeover from Alpine’s perspective. He revealed that the club was looking to clear its debt. Through the new funding, they would also get to invest some money toward the team. The journalist revealed that he honestly wasn’t expecting the Wrexham duo to join the party. But he then states the positives of the takeover.
He highlighted the Wrexham owner’s prowess. Edmondson quoted, “It seems that they came to the deal relatively late. It was led by Red Bird and Otro, two capital investment funds. And they bring a lot of expertise in the World of Sports and world of marketing. Alpine felt that marketing, getting sponsors on board, and licensing rights were an area where they didn’t have a huge amount of expertise”.
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WATCH THIS STORY: Wrexham Owners Net Worth Comparison
Do you think that Ryan Reynolds would be able to replicate Wrexham-like success at Alpine Racing? Let us know in the comments below.