Ryan Reynolds and Rob McElhenney are expanding their overseas sports portfolio.

The actors-turned-sports owners, along with fellow actor Michael B. Jordan, are part of a group of investors that's purchased a $220 million stake in Formula 1's Alpine Team, according to Deadline. Formula 1 has announced Reynolds' involvement.

Reynolds, McElhenney and Jordan are reportedly making an investment through Reynolds' Maximum Effort Investments, which will co-own a 24% stake in the F1 team alongside Otro Capital and RedBird Capital. The majority of the team, now valued at roughly $917 million, will still be held by the French car company Renault.

This obviously won't be Reynolds' and McElhenney's first foray into sports, as the two purchased the Welsh soccer club Wrexham AFC in 2020. Hulu subscribers might be familiar with what happened next, as the streaming show "Welcome to Wrexham" documented the pair's experience steering a small club from fifth-tier mediocrity to contention for promotion.