Briatore says seven investors want Alpine stake
Image via grandprix.comThe story so farSummarised from grandprix.com
Flavio Briatore has stated that at least seven investors are interested in acquiring Otro Capital's minority stake in Alpine, which is currently 24 percent. However, he clarified that Renault has no plans to sell the Alpine Formula 1 team itself, emphasizing that any changes in minority ownership do not equate to Renault exiting the sport.
Briatore highlighted the significant financial growth in Formula 1, suggesting that the valuation of teams has reached a minimum of $3 billion. He also defended Ferrari team principal Fred Vasseur amidst ongoing pressure and expressed his commitment to Alpine, dismissing any notions of retirement or a potential move to Ferrari.
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