Overview
- Renault CEO Francois Provost told reporters on Tuesday at the British Grand Prix that the minority investor group Otro Capital brought no operational value, that Otro has no role in day-to-day running, and that Renault will keep control of the Alpine F1 team.
- Otro is marketing the 24% stake it bought in 2023 for about €200 million but any sale requires Renault’s approval and the carmaker has exercised its contractual veto through at least September, having halted talks after Mercedes withdrew from negotiations in May.
- Alpine has switched to Mercedes customer power units after Renault shut its Viry-Châtillon works engine programme, and Provost said Renault is not planning to revive engine development at present.
- The team’s on-track form has improved from a last-place finish in the 2025 constructors’ standings to around fifth in early 2026, with Pierre Gasly’s Monaco podium still under appeal and Provost setting a short-term goal of consistent points and a minimum sixth-place finish.
- Alpine also secured Gucci as title sponsor from 2027, a commercial boost Renault says helps stabilise finances and rebuild the brand while it seeks a minority partner that can add clear operational value.