New York Mets owner and billionaire investor Steven Cohen has reportedly blindsided the Formula 1 establishment with a massive $600 million bid to hijack the Alpine F1 team takeover.
Cohen, whose net worth is estimated at $23 billion (£18.2bn), has joined at least three high-profile parties seeking to acquire Otro Capital's 24% stake in the Enstone-based squad. His aggressive entry reportedly values the minority holding significantly higher than current market expectations, effectively gazumping rival proposals from Mercedes-Benz and former Red Bull chief Christian Horner.
