The 24% stake held by Otro Capital in Alpine’s Formula 1 team is attracting significant attention from potential buyers within the paddock. Christian Horner, former Red Bull team boss, expressed his interest in the stake publicly, a sentiment echoed by Alpine executive advisor Flavio Briatore. However, a new contender has entered the race during the season opener in Melbourne, as reported by The Telegraph – Mercedes team principal Toto Wolff. While Briatore confirmed the presence of multiple interested parties, he did not disclose specific names, including Mercedes.
Alpine has refrained from commenting on individual names but acknowledged the ongoing interest from various parties. A team spokesperson emphasized that interactions and discussions regarding the stake are happening between current stakeholders and potential investors, with the team’s focus primarily on the upcoming racing season and enhancing on-track performance. Mercedes acknowledged Wolff’s interest in Alpine shares, highlighting the strategic importance of such opportunities, given their partnership with Alpine.
The attraction of the Alpine stake goes beyond personal rivalries, such as those between Horner and Wolff, focusing more on strategic advantages. For Horner, acquiring the stake presents an opportunity to re-enter F1 in a different capacity after his successful tenure with Red Bull Racing. On the other hand, Mercedes sees value in the relationship with Alpine, a customer team using their power units and gearboxes. The decision on Alpine’s shares reflects broader strategic considerations within the Mercedes group and fosters closer collaboration between the teams.
In addition to the commercial benefits, acquiring Alpine shares could enhance synergies between the teams, a trend that other F1 outfits are closely monitoring. Despite the interest in the stake, the Renault Group, as the majority stakeholder with 76% ownership, will maintain control over the F1 team. The ongoing developments in share ownership indicate a dynamic shift in the F1 landscape, driven by strategic and sporting motivations.
