Ryan Reynolds is betting bigger on sports with Alpine F1 investment

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Ryan Reynolds is betting bigger on sports - the Hollywood star is part of an investor group snapping up 24% of the Alpine F1 team

Hollywood star Ryan Reynolds has joined a group of international investors that's buying a 24% stake in the UK-based Formula 1 racing team Alpine.

The deal has seen the consortium - which includes Reynolds and fellow actor Rob McElhenny, along with AC Milan owner RedBird Capital Partners, Otro Capital, and Maximum Effort Investments - pump about $218 million into the Renault-owned racing team,"Formula 1 and Alpine are strategic assets for Renault Group.

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