In June it was announced that Otro Capital had acquired a 24% share in Alpine Racing Limited for €200 million, a deal that valued the Enstone company at around $900 million.That transaction has now been completed, and as part of the arrangement Otro co-founder Alex Scheiner recently became a director of the team.Otro’s partners in the deal are RedBird Capital Partners and Maximum Effort ...Keep reading
Ricciardo managed to get the jump on Sainz in the opening stages after a close first-lap battle that saw the McLaren and Ferrari drivers go side-by-side. Sainz had looked to recover the position by undercutting Ricciardo at the second round of pitstops, only for a slow service by Ferrari to allow McLaren to respond one lap later and keep its driver ahead. Sainz managed to close on Ricciardo ... Keep reading
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