Mercedes and Christian Horner Compete for Alpine F1 Stake

Alpine's Formula 1 team is currently navigating a complex situation involving the potential sale of a 24% stake held by the American investment group Otro Capital. This consortium, which includes high-profile investors such as actors Ryan Reynolds and Rob McIlhenny, as well as golfer Rory McIlroy, originally acquired the stake for approximately $233 million in 2023. With Alpine's valuation now estimated at around $3 billion, the sale is expected to yield a significant profit for Otro.

Briatore confirms Mercedes interest in Alpine stake

Flavio Briatore, Alpine's executive advisor, confirmed that Mercedes is among several parties interested in acquiring the stake. Reports indicate that Mercedes is negotiating directly with Otro Capital, rather than through its team principal, Toto Wolff. Briatore emphasized, “Every day is a new situation,” highlighting the fluid nature of the negotiations. Alongside Mercedes, former Red Bull team principal Christian Horner is also pursuing a bid, potentially through a consortium that includes MSP Sports Capital.

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Mercedes' involvement adds a layer of complexity, as the company currently supplies engines to Alpine under a contract that extends until 2030. This dual role—being both a supplier and a potential part-owner—raises questions about governance and influence within the sport. Briatore addressed these concerns, stating that typically, a 75% majority would dictate decisions, leaving the remaining 25% as a “passenger.” He expressed confidence that Mercedes' stake would not compromise Alpine's independence in voting on key Formula 1 matters.

Mercedes, Toto Wolff, Christian Horner, and the Alpine F1 stake: what's actually going on

Mercedes has acknowledged its interest in the stake, describing itself as a “key strategic partner” of Alpine. A spokesperson stated that they are being kept informed of developments regarding the sale. Briatore reiterated that negotiations are ongoing with multiple potential buyers, asserting, “We have three or four potential buyers... we’re talking about the Otro share, nothing to do with Alpine.”

Mercedes linked with Alpine stake as Flavio Briatore clarifies Toto Wolff’s role

The prospect of Mercedes owning a stake in Alpine has drawn scrutiny from various stakeholders within the sport. McLaren Racing CEO Zak Brown has previously raised concerns about fairness in Formula 1, particularly regarding co-ownership of teams. However, Audi team principal Jonathan Wheatley dismissed any potential conflict of interest, noting that the sport has “very clear governance” in place.

New York Times

As negotiations continue, a fixed date has been set for Alpine to decide on the sale of Otro's stake. If a deal is not finalized by that date, Otro will have the freedom to select a buyer independently. The outcome of these discussions will significantly impact Alpine's future and its competitive landscape in Formula 1.

Toto Wolff Alpine bid: Flavio Briatore reveals Mercedes involvement

• “Every day is a new situation.” — Flavio Briatore, Alpine Executive Advisor

Mercedes interested in Alpine F1 team buy-in, confirms Flavio Briatore alongside 'three or four' contenders

• “Mercedes is a key strategic partner of Alpine and we are being kept apprised of the latest developments.” — Mercedes Spokesperson

New York Times

• “Normally in one company, 75% decide and 25% is the passenger.” — Flavio Briatore, Alpine Executive Advisor

ESPN

• “I don't see any conflict of interest or concerns on our side at all.” — Jonathan Wheatley, Audi Team Principal

Mercedes interested in Alpine F1 team buy-in, confirms Flavio Briatore alongside 'three or four' contenders

The unfolding situation surrounding Alpine's minority stake is poised to reshape the dynamics of Formula 1, with significant implications for both the team and the broader competitive environment.

Mercedes, Toto Wolff, Christian Horner, and the Alpine F1 stake: what's actually going on