Other sports have strict rules against multi-team ownership. Why doesn’t F1?

Formula 1 faces growing scrutiny over its lack of rules preventing multi-team ownership, highlighted by Mercedes' reported interest in acquiring a stake in Alpine despite running its own F1 team. A 24% stake in Alpine is available from a consortium including Otro Capital, RedBird Capital, and Ryan Reynolds/Rob McElhenney's Maximum Effort Investments, with Alpine chief Flavio Briatore confirming talks with 'three or four potential buyers' in March. The debate comes amid a wider F1 valuation boom, with Force India — bought for $117 million in 2018 — now worth $3.2 billion, and Williams delivering a 10-times return since Dorilton Capital acquired it for $200 million in 2020.