Overview
- Reporting points to a shareholder agreement that prevents Otro Capital from selling its 24% Alpine stake until September 2026, with Alpine also said to be unwilling to consider a sale before then.
- Horner is reportedly pursuing a return through co-ownership rather than a pure team boss role, targeting Otro’s Alpine holding as valuations have risen sharply since the 2023 buy-in.
- Coverage notes supplier politics as a further brake, with Alpine set to run Mercedes power from 2026 and concerns about Horner’s long rivalry with Toto Wolff influencing perceptions.
- A parallel route at Aston Martin is described as complicated by reported resistance from Adrian Newey and by ownership and driver-lineup constraints tied to Lawrence Stroll.
- Separate reports say Horner’s Red Bull exit includes gardening leave until May 2026, with uncertainty over whether that would restrict an investor-only position.