Actor and entrepreneur Ryan Reynolds is expanding his business empire into Formula One racing.
Reynolds and a group that includes celebrity American investors, such as his business partner and fellow actor Rob McElhenney, are buying a 24% stake in the Alpine F1 team for about $218 million, the team’s owner said Monday.
F1 races have become more popular in the U.S. in recent years, with celebrities packing into stands to watch drivers speed around a track. Alpine, a mid-tier team based in the U.K., is one of 10 F1 competitors.
Read the full story on The Wall Street Journal here.