Alpine and Cadillac up for sale: what they are asking for an F1 team

Stake sales are the clearest way to see what a team is worth, because someone puts real money on the table. This week analyst Katherine Rowe summed up the moment on X: two minority stakes are moving, 24% of Alpine and part of Cadillac, and the figures being mentioned are several times those of three years ago. This story gathers what has been said, where each figure comes from and how it compares with what the teams do on track.

Alpine: a 24% stake that would nearly triple in price

Otro Capital, a fund with athletes among its investors, bought 24% of Alpine in June 2023. The Race gives the price as €200 million and PlanetF1 as $200 million, with the team valued at about $900 million at the time.

The package is now for sale. Flavio Briatore, who runs the team, said in an interview with The Race (published on 1 August 2026) that there is an offer for Otro's 24% at a valuation of "3.2" (billion) and that they are working at "3.5". It is the figure of an interested party, not a closed price. Forbes valued Alpine at $2.45 billion, and Briatore rejected it: "we are more".

Mercedes and Christian Horner were mentioned as buyers. According to Sky Sports, Mercedes pulled out of the talks because it considered the price too expensive. Renault, the majority owner, keeps control: its chief executive, François Provost, said in June that he wants the group to keep running the team "whoever could be the successor of Otro", and The Race reports that Renault holds a veto over any change of ownership of Otro's shares until September. We have found no information later than August.

Cadillac: $3 billion with no points

On 3 November 2026 Racer and other outlets reported that TWG, Mark Walter's group, is exploring selling a stake in Cadillac. Sportico, citing three people familiar with the process, speaks of an asking price of at least $3 billion and seven interested parties; other outlets point to Fenway Sports Group as the favourite. None of that is confirmed, and in August TWG had said it was not considering selling any part of its motorsport business.

What we can check with our own data is performance: after the Brazilian GP, Cadillac has 0 points across 26 race and sprint sessions of 2026 and is last in the constructors' championship. Crash.net and other outlets speak of losses of about $400 million this year; we have not verified that figure.

Why value does not follow results

The second table crosses Forbes's 2025 valuation with the 2026 points. Aston Martin is the fifth most valuable at $3.2 billion and tenth on track with 7 points; Racing Bulls, near the bottom of Forbes's list apart from Haas, is fifth in the championship. A team's value depends less on what it scores this year than on its scarcity (there are only eleven places), its brand and the series' revenue sharing.

It is the same argument that holds up the price of the places: at $3 billion, buying a stake in Alpine or Cadillac is not a bet on their points but on staying inside a championship closed to new partners.

What is still to be confirmed

It remains to be seen whether Otro sells and at what valuation, whether Renault approves the buyer and whether TWG really sells part of Cadillac. We will update this story if the price of either deal is published.