In the wake of the Miami GP comes the news that the French team is allegedly selling part of its capital to an American group. Understand
Alpine is in the F1 news these days, but not in the way you’d like. So far, the team hasn’t lived up to expectations for this year, which even led to a furious interview by the CEO of the brand, Laurent Rossi, saying that things will change in the team…
According to the news arriving from the United States, they could really change. According to the Sportico website, which specializes in sports economics, Alpine may be about to announce a new partner for the F1 team…
It is no news that Renault is trying to optimize its operations as a whole. Since he took control of the group, the Italian Luca Di Meo has started with a strategy to restructure the company and ensure survival in a changing environment. And one of them is to turn Alpine into an independent unit.
In November last year, when announcing its new restructuring phase, Renault announced, among other things, that Alpine was “open to tapping into the appreciation of its F1 team’s resources”.
Apparently, the opening has arrived. The sale of approximately 25% of Alpine F1 to American dealer giant AutoNation was about to be announced. The brand invests heavily in motorsport, among other businesses, acting as one of the sponsors of Andretti (with which it is also involved in the F1 project) and Meyer Shank Racing (which has Liberty Media as one of its shareholders).
The involvement began with a possible American interest in bringing the Alpine brand to the United States. With American participation in F1 ever on the rise, the opportunity has arisen, even with the finger of Michael Andretti, who is said to have a closed supply deal with the Frenchman for his future team.
It is certain that the American brand appeared on Alpine cars last weekend at the Miami GP. And in the midst of several meetings over the weekend, the deal would be sealed. AutoNation would shell out approximately $212 million to have a stake in the team. This would mean that the Alpine operation would be valued at $850 million…
To get an idea, Williams was sold for $200 million in 2020 and McLaren sold 33% of the shares at the end of 2020 at which point it would have been valued at $750 million. It’s no wonder teams are looking for a substantial increase in the rate of entry of new teams into F1.
Waiting for this negotiation to conclude or it will be one of those that will go down in history as a possibility. The fact is that F1 has become a highly profitable business as well as a speculative one…
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
