GREENVILLE, N.C.--(BUSINESS WIRE)--Nov 1, 2023--

Wrexham owners and Hollywood actors Ryan Reynolds and Rob McElhenney are part of an investor group that has bought a 24 per cent in F1 team Alpine. Renault, the Formula One team’s parent company, confirmed that Reynolds and McElhenney had joined RedBird Capital Partners, the US investment firm who own Italian football club AC Milan and also have stakes in Liverpool owners Fenway Sports Group, in the deal. The 24 per cent equity purchase of £171m values Alpine at around £706m and the team said they will hope to compete for the F1 championship following the increased investment. Alpine, who are based in Britain and were born after Renault rebranded its F1 outfit two years ago, finished fourth in the constructors championship behind Red Bull, Ferrari and Mercedes last season. Reynolds and McElhenney made their first steps into sports ownership when they announced a shock takeover of non-league side Wrexham in 2020. Under their ownership and alongside the popular documentary show Welcome to Wrexham, the Welsh side returned to the Football League with promotion last season following a memorable campaign. Hollywood actor and Creed star Michael B Jordan, who has a minority stake in Premier League team Bournemouth, and US-based Otro Capital are also among the new group of investors in Alpine, the team confirmed. Alpine chief executive Laurent Rossi said: "This association is an important step to enhance our performance at all levels." Read More Ryan Reynolds and Rob McElhenney insist they will not get bored at Wrexham Why Wrexham? How Ryan Reynolds and Rob McElhenney came to buy a club they’d never heard of

By Tatiana Bautzer NEW YORK Wall Street investment bankers are optimistic that dealmaking will pick up as new

By Kevin Buckland TOKYO Asian shares sank on Tuesday as worries about the Chinese property sector weighed on

The International Monetary Fund will expand its financing to Kenya by $938 million to bolster the East African

Authorities are raising the alarm about a social media challenge in which people eat extremely spicy chips and attempt to avoid eating or drinking anything for as long as possible

By Daniel Wiessner The agency that enforces U.S. labor laws on Wednesday made it more difficult for businesses

Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose...

Tesla Inc. raised the prices of its vehicles in the US, adding $1,000 to Model X and S

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund's (IMF) executive board on Thursday approved a $1.32 billion, 18-month loan

Are you looking for an aesthetically pleasing pair of headphones that aren’t just pretty to look at, but are also good good on the audio front? The ones that hit on all our marks — from looks and comfort to sound quality and noise cancellation? It can be rare to find a pair that checks all the boxes without being pricey. But, for two days, you can nab the oh-so-worth-it luxury buy on super sale for Amazon’s Prime Day. Whether it’s your first time investing in some pro-level over-ear headphones or you’ve already got a collection going, shop top brands like Sony, Apple, JBL, and more for up to 44% off. Keep on scrolling to add your favorite from our recommendations to cart while the deals last (reminder, it’s a 48-hour-only event).

China's premier warned US officials Tuesday that moves to "politicise" trade issues would prove "disastrous" for the global...