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Toto Wolff Moves to Thwart Christian Horner's Alpine Bid with a $598m Move: Reports
- Mercedes-Benz has an agreement to supply Alpine with power units and gearboxes until at least 2030, while Renault Group retains a 76% controlling share in Alpine and must approve any sale of shares.
- Mercedes-Benz has made a bid for a 24% stake in Alpine, competing with a bid from Christian Horner and potentially blocking his chance to acquire that stake and return to Formula 1 with Alpine.
- Any sale of Alpine shares must be approved by Renault Group, making a deal with Mercedes-Benz uncertain despite their partnership with Alpine.
- Concerns have been raised by McLaren CEO Zak Brown about multi-team ownership and potential conflicts of interest, prompting calls for FIA regulations to ensure sporting fairness.
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One more battle? Toto Wolff, head of Mercedes, would be interested in buying the 24 percent of Alpine that I owned Other Capital and that Christian Horner wants to buy. According to The Telegraph, Wolff would not want these shares to compete with Horner, former head of Red Bull and with whom he had several exchanges of statements in his years at F1, but because Alpine is today a client of Mercedes’s High Performance Powertrains, a contract until…
If that move by Mercedes' boss is confirmed, the Englishman would desist from joining the French team.
·Buenos Aires, Argentina
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Coverage Details
Total News Sources23
Leaning Left0Leaning Right5Center2Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
C 29%
R 71%
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