Ryan Reynolds and Rob McElhenney are among those putting money into a Formula One team as the Hollywood actors expand their investments in the world of sport.

Deadpool star Reynolds and It’s Always Sunny In Philadelphia creator McElhenney are also co-owners of Welsh football club Wrexham.

On Monday, it was announced they have become part of a $US200 million ($299 million) investment, representing a 24 per cent stake in Alpine Racing, which sits fifth in the rankings.

Reynolds’ Maximum Effort production company has teamed up with Otro Capital and RedBird Capital Partners, and Black Panther star Michael B Jordan is also among the investors.

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The news was announced by Alpine’s parent company Renault, and James Toney, co-founder of Maximum Effort Investments with Reynolds.

“Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing,” Toney said on renaultgroup.com.

“We are eager to help shine a light on this incredible team.”

Since the Renault team was rebranded as Alpine in 2021, it has managed one victory and three podium finishes, with French racing driver Esteban Ocon coming third in the Monaco Grand Prix this season.

Ocon sits ninth in the drivers’ championship, with his teammate French racing driver Pierre Gasly one place further back.

Since taking over Wrexham in February 2021, McElhenney and Reynolds have seen the club promoted back into the Football League.