Renault CEO blasts celebrity investor fund: 'With new shareholders, we want to have a common goal'

Otro Capital currently owns 24% of the Alpine F1 Team. Investors in the private equity firm include NFL stars Patrick Mahomes and Travis Kelce, as well as Ryan Reynolds and Rory McIlroy, among others.

Otro Capital bought its stake in 2023, but is now looking to sell. Provost, Renault's CEO, was candid about how little the firm brought to the table. Speaking to The Race, he explained: "We manage the team. Otro has no right, and no added value, to help us to operate. So we are fully responsible.

Until September, Renault can veto Otro Capital's sale of its shares to anyone it deems unsuitable. "For me, there is no urgency. There are two principles. The first one is Renault will keep the control. We do not intend to sell shares," Provost added.

Speaking at the Monaco Grand Prix, Flavio Briatore said that he would be happy to work with both Toto Wolff and Christian Horner.

He then continued with explaining why Wolff and Mercedes pulled out of the deal. "Very easy. The price was too high. At one point, the guys build up the different price and I think… Toto was very fair. I believe it. I don’t think the Otro people are fair. Toto, in all the negotiations was very fair."

About Horner, he added: "We have a lot of negotiation around, different team, different people, including, at the time, it was including Christian. For me, whatever solution is found by Renault, I’m very happy to accept whatever solution is."

At Silverstone, Horner was also asked about his future in the in Formula 1. He told Sky Sports: "There's so much speculation. One week it's Aston, the next is Alpine, the next is somewhere else. I wish them all well today.