Toto Wolff Linked to Alpine Stake Amid Mercedes Two-Team Strategy The BWT Alpine Formula One Team is now at the center of a story that extends beyond a simple financial move. According to multiple sources, including British media and specialist outlets, Toto Wolff is leading an offer to acquire the 24% stake held by Otro Capital in Alpine F1 Team. This shareholding has already attracted several bidders, including a consortium linked to Christian Horner, highlighting the team’s growing value in the Formula 1 paddock. At first glance, the investment appears standard, given the team’s valuation has surged since the budget cap era began. However, the strategic implications are significant. A Mercedes stake in Alpine could create a two-team ecosystem akin to Red Bull’s model, where a main team competes for titles and a sister structure serves as a development platform. This approach allows manufacturers to gather extensive technical data and test drivers under real racing conditions, which Mercedes currently lacks through its partnerships with McLaren and Williams. The interest in Alpine is particularly notable because of its technical ties to Mercedes. Since 2026, Alpine has used Mercedes power units and gearboxes, following the end of Renault’s engine program. This relationship has strengthened the technical link between the two entities, making a Mercedes stake in Alpine a strategic move. The 24% stake, originally purchased by Otro Capital and its partners for around €200 million in 2023, is now estimated to be worth over €500 million, with the team’s total valuation ranging between €1.7 and €2 billion. The Red Bull model, which has been central to the German manufacturer’s success for nearly two decades, offers a blueprint for Mercedes.#christian_horner #toto_wolff #otro_capital #alpine_f1_team #renault_group
