Welcome to Alpine: Ryan Reynolds Buys Share of F1 Alpine Team | June 26, 2023

On this episode of Nailing The Apex, Tim Hauraney is joined sdpn's Adam Wylde for an Emergency Podcast - Ryan Reynolds' Maximum Effort Investments has purchased a $220 million stake in Formula 1's Alpine Team. Ryan Reynolds, along with actors Rob McElhenney and Michael B. Jordan, will co-own a 24% stake in the F1 team alongside Otro Capital and RedBird Capital. The majority of the team will still be held by the French car company Renault. This gives the F1 Alpine Team a roughly $917 million valuation (00:00).Then Tim and Adam chat about the insane growth of F1, if anyone could have seen it coming, and the cost of entering a team in the F1 field (16:45). Lastly, they discuss the important of the cost cap (27:30), and if Daniel Riccardo might land at AlphaTauri (28:50).
Tim then talks to Canadian French Formula 4 driver Kevin Foster about his journey to F4 (39:00), the importance of FEED Racing to Kevin's career (43:30), his first time on a street circuit (55:00), and Kevin's goals for his future in racing (59:45).
Follow Tim on Twitter: @TimHauraneyFollow Adam Wylde: @AdamWylde
Recorded: June 26, 2023
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