Christian Horner, the former head of Red Bull Racing, is in negotiations with institutional investors, including a past supporter of McLaren Racing, regarding the potential acquisition of a stake in Alpine, the French Formula One team. According to Sky News, Horner has been approached by MSP Sports Capital to back an offer for Otro Capital’s 24% share in Alpine.
Background on Christian Horner
Horner previously spent two decades at Red Bull Racing, leading the team to six Constructors’ and eight Drivers’ Championships. Since departing last autumn, he has explored various opportunities to return to Formula One (F1).
Potential Stake Acquisition
Alpine recently acknowledged Horner’s interest and that of his consortium in purchasing Otro Capital’s stake. The statement clarified that discussions were held with existing shareholders—Otro Capital, holding 24%, and Renault Group, which holds 76%. It did not involve executive adviser Flavio Briatore or the team directly.
Valuation and Investor Interest
Sources indicate that a deal could value Alpine between $2 billion and $2.5 billion. This figure highlights the escalating worth of F1 teams globally. Horner is anticipated to seek a controlling interest in any team he invests in. However, it remains uncertain if Renault would be willing to give up majority control of Alpine.
Alpine’s Recent Performance
In the 2025 World Championship, Alpine finished in last place, securing only 22 points across 24 races. In stark contrast, McLaren emerged as the leading constructor with a total of 833 points.
MSP Sports Capital’s Track Record
MSP Sports Capital was recently involved in a deal that valued McLaren Racing at approximately £3.5 billion. The Bahraini sovereign wealth fund and Abu Dhabi-based CYVN Holdings acquired the remaining 30% of McLaren. In 2020, MSP also orchestrated a deal for a 15% stake in McLaren, valued at £560 million, which provided critical funding for the McLaren Group during the pandemic.
Market Trends in F1 Investments
- Growing investor appetite for F1-related assets.
- Aston Martin announced plans to sell its stake in its Grand Prix team, projecting a valuation of £2.4 billion.
- Investor interest reflects the strengthening financial positions of various racing teams.
MSP Sports Capital has not publicly commented on its ongoing discussions with Horner over the potential Alpine investment. If successful, this deal could signify the beginning of a lengthy process aimed at restoring Alpine’s competitive stature in Formula 1.
