Hollywood investment in Renault sparks speculation about future of French automaker
Alpine Racing Ltd, the Formula 1 team that emerged from Renault’s rebranding efforts in 2021, caused a stir on the internet with the confirmation of a €200m investment. The group behind the investment includes prominent Hollywood actors Ryan Reynolds, Michael B. Jordan, and Rob McElhenney, who collectively acquired a 24% stake in Alpine Racing Ltd.
This significant investment has sparked discussions about Renault’s intentions regarding their ownership of the team. Will they be willing to reduce their stake in Alpine? Sky F1 commentator David Croft believes that while Renault may consider scaling back their involvement, they also see this as an opportunity to strengthen the Alpine brand through increased investment.