Listen & read
Flavio Briatore reveals why Toto Wolff abruptly ended negotiations to buy a stake in Alpine F1. This insight sheds light on the complex dynamics of team ownership in Formula 1.
Briatore states that the stumbling block was the 24% share owned by Otro Capital, which purchased it for $200 million in late 2023. With valuations skyrocketing, the stake was marketed between $600 million and $800 million, a price Wolff found excessive. Despite engaging in talks for months, discussions stopped just days ago. Briatore clarifies that this situation is separate from Alpine’s daily operations, emphasizing that Otro's decision to sell is a Renault Group issue, not a team problem.
Briatore characterizes Wolff as fair throughout the negotiations, contrasting that with his view of Otro's approach. The breakdown of talks opens the door for other interested parties, including a consortium linked to Christian Horner. Briatore notes that any potential buyer will require Renault's approval, highlighting the intricate politics at play.
With the Mercedes route now closed, the future of Otro's stake remains uncertain, as Briatore expresses caution about the ongoing negotiations. The stakes are high in this evolving ownership saga within Formula 1.
Comments (0)