Renault intervened to halt talks regarding Otro Capital's sale of its 24% minority stake in the Alpine F1 team. CEO Francois Provost expressed dissatisfaction with the discussions, citing a lack of progress. Mercedes had been negotiating to purchase the stake but withdrew last month, reportedly due to Otro's hefty $720 million asking price – more than triple its initial investment. Flavio Briatore, now back with Alpine, called Mercedes boss Toto Wolff "very fair" in negotiations, contrasting Otro Capital's stance.
While Christian Horner's consortium remains interested, Renault holds veto rights on any sale until September. This intervention suggests a renewed commitment from Renault, despite past concerns about their F1 future, including scrapping their works engine program for 2026. However, Briatore’s return has brought stability, and Alpine currently sits fifth in the constructors' championship, nearly securing a podium in Monaco. Provost affirmed Renault's long-term dedication, ensuring they will retain control of the team. This signals a clearer path forward for Alpine, focusing on performance rather than ownership drama as the season progresses.
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