A few days after buying a majority interest in Club Necaxa, a Mexican football team and being a new partner to Homage high-tech investment in the USA and Canada, Hollywood actor Ryan Reynolds led an investment round for Homage, an Ohio vintage-inspired sports and licensed apparel company.
Homage announced a strategic investment of growth capital from Maximum Effort Investments, an investment advisory firm cofounded by the Deadpool actor, according to investor database Crunchbase.
Maximum Effort Investments will serve as the lead investor for this round, the company said. The terms of the investment were not disclosed.
Homage plans to use this round of investment to expand its production capacity and operating team, invest in technology and expand its licensed business with new and existing partnerships.
As part of the deal, a representative of Maximum Effort Investments will join the Homage board of directors and Maximum Effort will contribute a “variety of strategic and creative resources”, Homage said.
Reynolds, 47, has a net worth of $550 million, according to wealth tracker Celebrity Net Worth.
He was appointed as Yas Island Abu Dhabi’s new chief island officer last month and will be responsible for promoting the destination to an international audience.
The vast majority of the Canadian actor’s net worth has come from his entrepreneurial endeavours, specifically thanks to the sales of Aviation American beverage brand and Mint Mobile, the website said.
Last year, he sold his stake in prepaid budget wireless provider Mint Mobile to telecoms operator T-Mobile US as part of a larger cash-and-stock deal.
His stake in Mint was about 25 per cent, Fortune magazine reported. He purchased it in 2023 in what he billed as a way to make technology more accessible.
In February 2020, Reynolds acquired an “unspecified minority” ownership stake in Aviation American for an undisclosed sum, according to Celebrity Net Worth.
In 2020, beverage company Diageo bought Aviation American for an initial payment of $335 million, The Guardian reported. Depending on how the brand performs over the next 10 years, he could receive an additional $275 million because of how the deal is structured.
A merger between the two California-based companies, which would have more than $1 billion in assets under management in a combination, is close to being finalised, the report said.
When asked about his decision on the UK based club side”Wrexham”……
He said”my decision is best for me and the entire team and fans of this great club,I Would always be a fan of the club”
The club needs a new dimension and new management and investment,it Would be best for us all he told ESPN USA on Saturday.
