Austrian Toto Wolff, the current CEO of Mercedes, is interested in becoming one of the largest shareholders of the French Alpine team, where Argentine Franco Colapinto currently competes. According to the British newspaper 'The Telegraph', Wolff has reportedly made an offer to acquire a 24% stake in the French team. This move would also prevent the return of British Christian Horner, with whom he has a very poor relationship. Furthermore, this would allow him to have a direct say in Alpine's decision-making. The team's current drivers are Frenchman Pierre Gasly and Argentine Franco Colapinto, and it recently finished last in the Constructors' Championship. Currently, the 'Renault Group' holds a 76% stake in Alpine, while the remaining 24%, which Wolff could acquire, is distributed among various private investors. As reported by the Argentine News Agency, Wolff began his career in Formula 1 in 2009 by purchasing a small stake in the Williams team. In 2013, he left his position at that team to become the CEO of Mercedes, with which he dominated from 2014 to 2020, winning seven consecutive world championships (six for British driver Lewis Hamilton and one for German Nico Rosberg).
Mercedes CEO Wants to Become Alpine Shareholder
Mercedes CEO Toto Wolff is interested in buying a 24% stake in the French Alpine team, which would allow him to directly influence the team's decisions and prevent Christian Horner's return.