Overview
- Flavio Briatore said over the weekend that there is a bid for Otro Capital’s 24% stake that implies Alpine is worth about €3.2–3.5 billion, a figure he used to argue F1 team values could keep rising.
- Otro bought the 24% stake in June 2023 for €200 million and has been seeking buyers in recent months, with reports that Renault intervened in late May during talks involving Mercedes.
- Renault holds a veto on any change of ownership of the Otro shares until September 2026 and its CEO has described the partnership with Otro as 'not successful,' leaving a sale contingent on majority‑owner approval.
- The privately reported offer cited by Briatore sits well above recent public estimates such as Forbes’s valuation of roughly $2.45 billion for Alpine, highlighting a gap between public benchmarks and negotiation prices.
- The episode underlines two wider trends in F1: rising interest from celebrities and institutional investors and the practical limits of buying minority stakes when a controlling owner can block deals, which could slow or reshape any high‑price transactions.