Renault denies discussions with Horner and promises to maintain control.
"We are evaluating the possibilities."
Renault Group CEO Francois Provost has sought to put an end to rumors connecting Christian Horner with Alpine, while also affirming that the French company does not plan to give up control of its Formula 1 team. These remarks come amid ongoing ambiguity regarding the future of Otro Capital’s 24 percent ownership stake in Alpine. Mercedes recently considered acquiring that stake, but discussions seem to have stalled, reportedly due to Renault and Otro not accepting the proposed valuation. Horner’s name has frequently been mentioned in relation to this situation. However, Provost informed the Press Association, "There is no discussion today with Christian." He also confirmed that negotiations with Mercedes are no longer advancing. "I noticed there are no further discussions at this point," Provost stated. "I was not pleased to see that we are not making any headway." Despite the uncertainty concerning Otro’s stake, Provost emphasized that Renault is firmly in control of the team and intends to maintain that position. "We are evaluating the possibilities," he said. "I want the Renault Group to retain control of our team, regardless of who might succeed Otro." Provost also aimed to reassure Alpine staff and supporters that the ownership conversations are not impacting the operation of the Formula 1 team. "Firstly, this Otro issue does not affect us as a team at all because we are in control," he stated. "Secondly, we will maintain control of our Formula 1 team."
Other articles
Alonso acknowledges that Barcelona might be his last Spanish Grand Prix.
Formula 1 | Fernando Alonso has acknowledged that this weekend's Spanish Grand Prix might be his last Formula 1 race in Barcelona. The two-time world champion, who will turn (…)
FIA postpones ADUO decision amidst Red Bull's anger.
Formula 1 | The FIA has postponed the finalization of Formula 1's contentious ADUO engine rankings following strong opposition from Red Bull-Ford. The governing body (…)
Leclerc changes to Hamilton's brakes following the incident in Monaco.
Formula 1 | Charles Leclerc will adopt Lewis Hamilton's brake setup in Barcelona following the brake controversy that overshadowed Ferrari's performance in Monaco (...)
Pirelli confirmed as the F1 tyre supplier until 2028.
Formula 1 | The tyre situation in Formula 1 has now been officially resolved until the end of 2028. On Thursday, the FIA announced that it has made use of the (…)
Gasly's hopes for a podium in Monaco are reinvigorated as the FIA allows a hearing.
Formula 1 | Pierre Gasly's aspirations to reclaim his lost Monaco podium remain intact following the FIA's decision to revisit the case. The Alpine driver crossed (…)
Renault denies discussions with Horner and promises to maintain control.
Formula 1 | CEO of Renault Group, Francois Provost, has dispelled rumors connecting Christian Horner to Alpine while also emphasizing that the French (…)