Alpine Taking on Famous Investors

[Row Man Gross-Gene]

Interesting news out of the F1 world:
https://www.theguardian.com/sport/2023/ ... ne-f1-team

Ryan Reynolds, Rob McElhenney, and Michael B. Jordan buying a 24% stake in Alpine. Interesting I think. The first two were pretty successful buying the Wrexham football club. I'll be honest, I don't think an F1 investment is going to go as well as their football one did. But we'll see.

[Wallio]

I used to like Ryan Reynolds, but his insistence on butting into things he knows nothing about irks me. A minor league soccer team is one thing, but a cell phone for low-income families? A really really crappy gin? The Ottawa Senators? (thankfully he was outbid), now Alpine? The dude will put his name on anything. Reminds me of Gene Simmons.

[Row Man Gross-Gene]

It's funny because Alpine is the least interesting choice they could have made in my opinion. Partly it's because they're such minority shareholders that they certainly won't have sufficient voting rights to influence the team. But also, the team just leaves me slightly bored as they say.

If they had joined a consortium in buying Haas outright? That's interesting. And I'd say the same for basically every other lower-midfield team. But Alpine is just too professional a unit with too much backing. I don't know how fun this will end up. I do know we'll see more celebrity shots of these guys at some races. Oh well.

[Rob Dylan]

Yeah, I'm guessing it's more of a safe investment than a publicity stunt. I can't imagine anyone gets excited about Alpine full-stop, and Reynolds pumping money into shareholders is probably just a guaranteed ROI for the next couple of years while the F1 money well runs deep.

Though I do agree, Ryan Reynolds standing next to Gunther Steiner would really have been a sight to behold. The amount of nonsense that could have sprung from the carney mediocrity of Haas when they would have had the dilettantish observation of Ryan Reynolds helping to dictate team policy

[Row Man Gross-Gene]

Yeah, I'm guessing it's more of a safe investment than a publicity stunt. I can't imagine anyone gets excited about Alpine full-stop, and Reynolds pumping money into shareholders is probably just a guaranteed ROI for the next couple of years while the F1 money well runs deep.

Though I do agree, Ryan Reynolds standing next to Gunther Steiner would really have been a sight to behold. The amount of nonsense that could have sprung from the carney mediocrity of Haas when they would have had the dilettantish observation of Ryan Reynolds helping to dictate team policy

Steiner and Reynolds would be like Rip Torn and Vince Vaughn in Dodgeball! Yes, what they're doing is a safer investment...pity.