Ryan Reynolds and Other Celebrities Invest in Formula 1 Team

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Brian Reynolds and his other celebrity partners are expanding their footprint in the sports world investing in the alpine Formula One race team. The firm called Maximum Effort investments also has actors, Rob mcnay and Michael B Jordan. And they're partnering up with two other private investment firms to buy a 24% stake in the team. They will be paying the alpine owner about $218 million for the stake interest in formula One has grown rapidly in the US. And the team is hoping Reynolds investment can help them grow even more.