Some Holloywood Glitz Comes To Alpine
Purchasing a 24% stock position in the Alpine Formula 1 team
Hollywood stars Ryan Reynolds and Rob McElhenney, proprietors of the Wrexham Football Club, are a part of an investor group that is purchasing a 24% equity position in the Alpine Formula 1 team.
The two Hollywood celebrities are investing alongside Otro Capital and RedBird Capital Partners, Alpine's parent company Renault announced on Monday.
The Boston Red Sox and Premier League team Liverpool are owned by Fenway Sports Group, which is a subsidiary of the US investment corporation RedBird.
RedBird purchased French Ligue 1 team Toulouse in addition to purchasing Italian Serie A club AC Milan in August 2022 for 1.2 billion euros.
The 200 million euro (£171 million) transaction values Alpine Racing, a British company, at roughly £706 million.
After completing their ownership of Wrexham in 2021, Reynolds and McElhenney saw the Welsh club return to the Football League after a 15-year absence when they won the National League championship in April with Notts County a close second.
Laurent Rossi, CEO of Alpine, said: "This association is an important step to enhance our performance at all levels."
The investment, according to Rossi, would "boost" the F1 team's media presence, supporting Alpine's "performance over the long term."
The Alpine F1 constructors' championship standing for this year is fifth with the team made up of the 2 French drivers Pierre Gasly and Esteban Ocon.
The BWT Alpine F1 Team introduced the A523 to the world as it prepared for the 2023 Formula 1 Season and challenge the championship.
BWT Alpine F1 Team unveiled the A523 at a special, celebrity-studded ceremony in London, as the challenger for the 2023 FIA Formula 1 World Championship season.
Silverstone Testing The New Alpine
Prior to its London premiere event, the Alpine Formula 1 team put its new A523 through its paces at a Silverstone filming day on the Monday before the event.
Although several spy photos of the car leaked on social media soon after it hit the track, the Enstone team has chosen to hold off on releasing official images of it until then.
Esteban Ocon completed nine circuits in the new car as the first driver before being replaced by newcomer Pierre Gasly, who completed a further eight laps to bring the team up to the permitted 100 kilometres.
Others were to follow Alpine, Red Bull, Haas, and Williams in putting their 2023 cars on the track in the upcoming days.
The team was getting ready for the second season under the new Formula 1 regulations that were implemented in 2022, the A523 is a development of its predecessor, the A522.
The livery is a stunning fusion of Alpine's iconic blue, which has served the motorsport world for five decades, with the eye-catching pink colours of the team's title partner BWT as well as a new decorative crystallised pattern to symbolise Alpine's origin and historical roots in the Alps.
If you are interested in seeing the new alpine in action at the British Grand Prix, we still have some viewing spaces left to enjoy the race.