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Why Renault’s part-sold its works F1 team to Hollywood actors

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Alpine has some celebrity part-owners as Renault has decided to sell a significant minority stake in its works F1 team.

Movie stars Ryan Reynolds and Michael B Jordan, and Reynolds’ Wrexham football club co-owner Rob McElhenney, are part of an investment group that has taken a 24% stake in Alpine.

This is a part-sale just of ‘Team Enstone’ rather than the Viry engine facility in France. So why do Hollywood A-listers want a piece of F1, why pick an entry with a French owner and a provincial UK base - and what does it actually mean for the team?

00:00 Intro
00:32 Big-name backers explained
03:04 More than a sideshow?
05:49 What Alpine needs

#f1 #alpine #hollywood

READ MORE HERE: https://the-race.com/formula-1/alpine-f1-new-investors-reynolds-mcelhenney-jordan/

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Category
Formula 1
Tags
f1, formula 1, formula one
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