Briatore says Alpine F1 talks are with Mercedes, not Wolff

SHANGHAI, March 13 : Alpine's de facto boss Flavio Briatore confirmed on Friday that Mercedes were discussing taking a stake in the Renault-owned Formula One team.

The Italian emphasised, however, that talks were with the championship-leading German carmaker and not Mercedes' Austrian Formula One team principal Toto Wolff.

Former Red Bull boss Christian Horner has also been discussing the same 24 per cent stake that Otro Capital is interested in selling.

Otro's group of investors include RedBird Capital Partners and Maximum Effort Investments with a list of top athletes including Hollywood actors Ryan Reynolds and Rob McElhenney as well as NFL star Patrick Mahomes and golfer Rory McIlroy.

Horner and Wolff have been high-profile adversaries in the paddock and also in the hit Netflix 'Drive to Survive' docu-series that looks behind the scenes in the paddock.

Horner was sacked last May, reportedly with an 80 million pounds ($108.72 million) payoff, and the Briton is looking for a way back in.

"Every day is a new situation," said Briatore at the Chinese Grand Prix.

"I don’t know what is the latest one, but what I say is that I know it’s a negotiation with Mercedes, not with Toto, with Mercedes, and we see. In this moment we have three or four potential buyers.

"Don’t forget, we’re talking about the Otro shares, nothing to do with Alpine. It’s the share owned by this hedge fund ... they want to sell the 24 per cent and a few candidates are ready to do the deal."

Briatore, who is officially executive advisor reporting to Renault bosses, said he had no communication with Wolff.

The Italian shrugged off questions about Mercedes acquiring the stake to influence the team, who use the German manufacturer's engines, and gaining support in