Steve Cohen Joins Bidding for Alpine F1’s 24% Stake

Overview

• Steve Cohen, the New York Mets owner, entered the contest for Otro Capital’s 24% holding in Alpine on Tuesday, according to multiple reports.
• Christian Horner’s camp and a Mercedes-linked effort involving Toto Wolff remain in the frame for the minority stake in the Renault-controlled team.
• Corporate filings indicate Otro Capital cannot sell the shares until after September, though Renault could seek to force an earlier deal.
• Outlets differ on Cohen’s offer size, with Yahoo Sports citing a PlanetF1 report of about $600 million, while Motorsport Week cites the same source for just over $6 million.
• Alpine has switched to Mercedes power units under executive advisor Flavio Briatore, and team leaders want a buyer who will bring resources and push on-track performance.