Christian Horner’s Formula 1 Comeback Prospects Strengthened as Mercedes Ends Alpine… read more 👇 full details in the comments sectionÂ
Christian Horner’s potential return to Formula 1 has received a significant boost following reports that Mercedes has withdrawn from discussions to acquire a stake in Alpine. The development could leave the door open for new investors, with the former Red Bull team principal among those linked to a possible involvement in the French-owned outfit.
Recent speculation suggested that Otro Capital, which currently owns a 24 percent share in Alpine, is considering selling its stake. Several names have reportedly emerged as potential buyers, including Horner and Mercedes team principal and CEO Toto Wolff. However, Alpine executive advisor Flavio Briatore recently clarified that any discussions with Mercedes were focused on the team as an organization rather than being a personal investment opportunity for Wolff.
The relationship between Alpine and Mercedes has strengthened in recent years, particularly through their power unit agreement. Mercedes now supplies engines to Alpine, a partnership that has played a key role in improving the team’s competitiveness after two difficult seasons. The collaboration has helped Alpine move closer to the midfield battle and become a more consistent points contender.
Despite that growing partnership, a deal involving Mercedes purchasing Otro Capital’s shareholding now appears unlikely. According to reports from BBC Sport, negotiations have stalled because of a major disagreement over Alpine’s valuation.
Otro Capital is believed to be seeking approximately $720 million for its 24 percent stake. Such a figure would place Alpine’s total value at around $3 billion. Mercedes, however, reportedly considers the team to be worth closer to $2.3 billion, creating a substantial gap between the two parties. With a difference of roughly $150 million or more in their assessments, negotiations have reportedly broken down.
The requested price represents a remarkable increase in value compared to what Otro Capital paid for the same shareholding. The investment group acquired its 24 percent stake in Alpine in 2023 for around $233 million. If sold at the current asking price, the investment would generate a significant return in only a few years.
Mercedes’ decision to step away from the deal could create opportunities for other interested parties. Horner, who has been repeatedly linked with a return to Formula 1 following his departure from Red Bull, may now have a clearer path should he wish to become involved with Alpine in some capacity. While there is no confirmation that a deal is imminent, the absence of Mercedes from the bidding process could reduce competition for any prospective buyers.
The discussions surrounding Alpine’s valuation also highlight the extraordinary growth of Formula 1 as a business. Team values have surged in recent years thanks to increased global popularity, stronger commercial revenues, and expanding audiences across key markets. What were once considered relatively modest sports franchises are now valued in the billions of dollars.
Financial reports published by Sportico in 2025 demonstrated just how valuable Formula 1 teams have become. Ferrari topped the list as the most valuable team in the championship, with an estimated valuation of $6.4 billion. Mercedes followed in second place at approximately $5.88 billion, while reigning constructors’ champions McLaren ranked third at around $4.73 billion.
Red Bull, despite years of on-track success, was valued at approximately $4.32 billion. Aston Martin reached the $3 billion mark, while Williams was estimated to be worth $2.14 billion. Alpine’s valuation stood at roughly $2.08 billion, placing it ahead of Racing Bulls, Sauber, and Haas.
These figures underline the growing financial strength of Formula 1 and explain why investors continue to show interest in acquiring stakes in teams. As the sport expands its global footprint and attracts larger audiences, team ownership is increasingly viewed as a valuable long-term investment.
For Christian Horner, Mercedes’ withdrawal from Alpine discussions may represent an important opening. Whether it ultimately leads to a return to the Formula 1 paddock remains uncertain, but the latest developments have undoubtedly improved his chances of becoming involved in one of the sport’s most closely watched ownership stories.