Ryan Reynolds Reportedly Makes Another Top Dollar Move With Stake In F1 Team

Ryan Reynolds has his eyes on a new business venture!

The Hollywood hunk has reportedly broadened his business interests in the sports world, teaming up with a private equity company through his investment firm to buy some stakes in a Formula One team. The new investment comes just a few months after he sold one of his companies for over a whopping billion dollars.

Reynolds is not slowing down on making his mark in the business world, as his investment organization, Maximum Effort Investments — backed by actors Michael B. Jordan and Rob McElhenney, has moved to part-own an F1 team. The trio will join forces with private equity firm RedBird Capital Partners and Otro Capital to purchase a 24% stake in the Alpine Formula 1 Race Team. 

The news was shared via F1's official Twitter account with the team's owner, Renault Group, addressing the $218 million deal in a statement. "BREAKING: Hollywood actor Ryan Reynolds is part of an investor group taking a 24% equity stake in Alpine," F1's tweet read, while Renault CEO Luca de Meo said in the statement:

"Formula 1 and Alpine are strategic assets for Renault Group. Over the past two years, we have reignited Alpine, capitalising on its iconic A110 sports coupe, boosting it by entering Formula 1, where it aims to become a championship contender. This partnership will accelerate Alpine F1 development by diversifying revenue drivers and increasing brand value."

Commenting further on the acquisition, Alpine's rep Laurent Rossi considered the "association" as an "important step" toward enhancing the team at all levels.

The counterpart added that the involvement of RedBird Capital Partners, Otro Capital, and Maximum Effort Investments as "international players with a strong track record in the sports industry" will result in them their "recognized expertise" to increase Alpine’s "media and marketing strategy," which is significant to "support our sporting performance over the long term."

"The incremental revenue generated will in turn be reinvested in the team in order to further accelerate our Mountain Climber plan, aimed at catching up with top teams in terms of state-of-the-art facilities and equipment," Rossi wrapped up.

As for Reynolds' other business ventures, it was learned in March that T-Mobile intended to acquire Mint Mobile, one of the multiple businesses with the "Deadpool" actor as an investor.

While the amount of shares he owns in the wireless company has remained unknown, it was divulged that T-Mobile was purchasing it for $1.35 billion. Speaking via a statement issued by T-Mobile the "No Good Deed" actor expressed:

"Mint Mobile is the best deal in wireless and today's news only enhances our ability to deliver for our customers. We are so happy T-Mobile beat out an aggressive last-minute bid from my mom Tammy Reynolds as we believe the excellence of their 5G network will provide a better strategic fit than my mom's slightly-above-average mahjong skills. I am so proud of the entire Mint team and so excited for what's to come."

The announcement also detailed that the cell phone company, which is the second-largest in America, will drop a whopping $1.35 billion for Mint with a combination of 61% stock and 39% cash. Reynolds is expected to retain his creative role on the company's behalf as part of the acquisition deal.

Additionally, the "Fireflies in the Garden" lead, alongside T-Mobile CEO Mike Sievert, released a brief video breaking the news of the acquisition to the public as part of their media announcement. The actor's usual hilarious side was evident in the clip, showing up in one-liners like "Nice to have a new dad!"

This will not be the first time the business-savvy Canadian-American would partake in a major lucrative business deal in recent years. Back in 2020, the 46-year-old sold his Aviation American Gin to the European drink company Diageo as part of a mouthwatering deal estimated to be worth $610 million. 

Per the agreement, Reynolds, who was the creative director and the co-owner of the alcoholic brand and majority owner, Davos Brands, will keep an ongoing ownership interest in Aviation Gin despite its purchase. The MTV Movie & TV Award winner also co-owns the Welsh soccer team Wrexham with McElhenney.