The Latest Breaking News from Otro

The German brand is hoping to acquire a stake in its customer F1 outfit

Rumours had spread that Mercedes team principal Toto Wolff was planning to buy the 24% stake in Alpine currently owned by a consortium of celebrity investors – but the story has taken a bizarre turn

According to Flavio Briatore, Christian Horner is in talks to acquire a stake in the Alpine F1 team

In June it was announced that Otro Capital had acquired a 24% share in Alpine Racing Limited for €200 million, a deal that valued the Enstone company at around $900 million.

In June it was announced that Otro Capital had acquired a 24% share in Alpine Racing Limited for 200 million euros, a deal that valued the Enstone company at around $900 million.

The golfer, who is part of the group of sports figures investing in the Alpine F1 Team, wants to help the drivers however he can.

It also reflects an intriguing move by Renault to boost the profile of its sportscar brand and eventually generate more income around the F1 project, helped by the involvement of Hollywood star Ryan Reynolds and his associates Rob McElhenney and Michael B. Jordan.

Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team’s parent company Renault announced on June 26.