00:03Staying with Alpine, which rocked the paddock last week with news that had landed Gucci,
00:08one of the world's most iconic fashion houses, and a household name as its title partner from
00:132027 to replace BWT. The multi-year deal, which is reckoned to be worth more than 150 million
00:21US dollars, is a big statement from Enstone that proves its readiness and ambition to return to
00:27being a top squad again. The change won't just be to the livery, which is expected to be black and
00:33gold, matching the Italian brand's colors, with some blue for Alpine, but also the name as Gucci
00:39Racing Alpine F1 team. The Enstone team has a history of doing things differently to others
00:47and has previously shown that fashion can finish first in Formula One,
00:52said Alpine's executive advisor Flavio Briatore.
00:59Continuing on at Enstone, where Mercedes has pulled out of a deal to purchase investment
01:04group Otro Capital's 24% share in Alpine's F1 team, with the mark turning down its 720 million
01:12US dollar asking price that values the team at 3 billion dollars.
01:18Otro Capital purchased the stake in 2023 when it was valued at just 230 million US dollars,
01:24but while Mercedes, which supplies both power units and gearboxes to Alpine, had agreed in principle
01:30to buy the shares, it felt the latest valuation was inaccurate.
01:35Mercedes' pullout could pave the way for a consortium led by ex-Red Bull boss Christian Horner to now make
01:41the acquisition.
01:47Cadillac team boss Graham Loudon has rubbished rumours that he's set to axe Valtteri Bottas,
01:52with the Brits stating that they're factually incorrect.
01:56Bottas' teammate Sergio Perez has had the fins measure across the first five races going 4-1,
02:03but Loudon says the driver's focus is firmly on car development.
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