Why it's Mercedes, not Toto Wolff, that wants to acquire Alpine F1 shares

It has long been known that a minority stake in the Alpine F1 team is up for sale to the highest bidder. The share in question – 24% – is currently owned by Otro Capital, an investment group involving Hollywood celebrities Ryan Reynolds and Rob McElhenny, and golfer Rory McIlroy. Otro paid $233million for the stake in 2023.
Although it is a minority position, interest in the shareholding ...Keep reading