P1racenews AI automatic summary:
Christian Horner’s return to F1 has reportedly been ‘vetoed’ by Renault after a recent update on the Alpine stake sale saga.
Renault has reportedly blocked Christian Horner’s return to F1 following an update on the Alpine stake sale saga, as per recent reports. Mercedes have apparently pulled out of a deal to buy Otro Capital’s 24 per cent stake in Alpine after Otro demanded $720 million for their share, valuing Alpine at $3 billion, which is significantly higher than Mercedes’ $2.3 billion valuation. With Mercedes out of the picture, the door seemed open for Horner, but Renault, which has a veto power over the sale until September, is said to have decided against allowing a return for the former team principal. Despite this setback, Horner is exploring potential opportunities with Chinese brand BYD, as he was recently seen at an event in Cannes discussing a possible collaboration with F1 president Stefano Domenicali to navigate the challenges of entering the sport.
