Briatore Lifts Lid on Failed Mercedes Talks over Alpine F1 Stake
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6 Articles
Apart from the Formula 1 weekend in Monaco, Flavio Briatore talks about the broken negotiations between Otro Capital and Mercedes and takes a clear stand.
The abandonment of the discussions between Toto Wolff and Otro Capital regarding a takeover in Alpine F1 is now officially confirmed. Flavio Briatore wanted to clarify the situation in Monaco, recalling that this matter is primarily the responsibility of the Renault Group and not the Formula 1 team. The Alpine Executive Advisor has thus minimized the impact of the failure of the negotiations between Mercedes and Otro Capital, owner of 24% of the…
Renault closures continue as Mercedes rejects Alpine F1 team valuation
Renault’s wider retreat is the bigger story to the negotiation – While the collapse of Mercedes’ proposed investment has dominated recent Formula 1 headlines, the failed negotiations are part of a much broader transformation taking place at Renault. Over the past 18 months, the French manufacturer has steadily reduced its direct involvement in the infrastructure ...
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