Ryan Reynolds is back on television on Wednesday for a new series of Welcome to Wrexham, which charts the promotion campaign of the non-league team he bought with acting buddy Rob McElhenney. The pair invested in the Welsh football club, taking control in 2021 and have since broadened their sport profile by becoming part of an investor group taking a 24 per cent equity stake in Formula One team Alpine. As the second series, which is available on Disney+, will show, investing in sport is risky and the see-saw nature of the game can quickly leave a team’s bank balance in jeopardy or as McElhenney put it: “If we do not get promoted this year, we are f***ed.” But they seem to have the bug and have expanded their investments to the most glamorous and perilous money-draining sport of the lot in F1. Reynolds’ Maximum Effort production company has teamed up with Otro Capital and RedBird Capital Partners, with fellow actor Michael B Jordan among the investors in Alpine. The actors are part of a...
