Reynolds and McElhenney take stake in F1 team

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Last updated on 21 minutes ago.From the section Formula 1

Rob McElhenney and Ryan ReynoldsRob McElhenney and Ryan Reynolds (centre) took over at Wrexham in 2021 and watch the side win promotion back to the Football League in 2023

Wrexham Football Club owners Ryan Reynolds and Rob McElhenney will be part of an investor group taking a 24% equity stake in Alpine.

The Formula 1 team's parent company, Renault, announced on Monday the two Hollywood actors will join Otro Capital and RedBird Capital Partners.

The 200m euro (£171m) deal values Alpine Racing, who are based in Britain, at about £706m.

Alpine are fifth in this year's F1 constructors' championship.

More to follow.

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