I enjoyed the article, learning about Toto's trajectory and all of his achievements. Knowing where he comes from helps me understand his hunger.
Hopefully you can make a part 2 on Toto about the actual techniques he uses to build high performing successful teams, I want to know the how and why behind the Toto method.
This is an insanely good article. Thank you for sharing. The mix of raw emotion, journey of Toto and the grit depicted is a joy to read through. Thanks again for this!
Interesting to reread this article 5 months later. Mercedes walked away from the Alpine F1 deal in May because Otro’s $720 million asking price for 24% stake implied a $3 billion valuation, while Mercedes reportedly valued Alpine F1 at ~$2.3 billion. Horner’s calculation includes the value of returning to F1 with equity and influence, which explains why his consortium might pay more.
September ends the current restriction on Otro’s stake, but it does not solve the question of control. Renault will still own 76%, and buying the minority position would give Horner equity without the Wolff-style operational authority he appears to want. Only Renault can provide that. If Renault views Horner as an aligned partner, it may have an incentive to structure a deal before September, while ownership and operational authority can still be negotiated together.
Exactly. Flavio Briatore’s view that Toto Wolff’s Alpine F1 24% stake offer was fair and Otro’s price was not reflects the gap between owning equity and exercising control. Christian Horner may value the stake more highly if Renault also grants him operational authority. Meanwhile, Flavio is watching from the sidelines while already exercising considerable influence over the team without investing in the equity himself.
The Wolffs will never not impress me
SAME! Lovely couple.
Incredibly well researched! This is why I love Substack
Oh, wow, thank you! Glad you enjoyed it!
You don’t always get what you want at the time you want it. But life always has a way to give back in ways least expected. Toto’s a true inspiration
What's yours won't pass you by. Thanks for reading.
Amazing read and very well written
I enjoyed the article, learning about Toto's trajectory and all of his achievements. Knowing where he comes from helps me understand his hunger.
Hopefully you can make a part 2 on Toto about the actual techniques he uses to build high performing successful teams, I want to know the how and why behind the Toto method.
This is an insanely good article. Thank you for sharing. The mix of raw emotion, journey of Toto and the grit depicted is a joy to read through. Thanks again for this!
Very kind, I am so happy you liked it so much! He really is remarkable!
Thanks for this reading, incredible.
So glad you enjoyed it, Abraham!
Very well researched and written 👏
Thank you, Karl. Glad you enjoyed it!
Never imagined Toto’s story like this. I’ve admired him for years. Now even more so.
He's remarkable! Thank you for reading :)
Excellent article, so interesting to read about his childhood.
Glad you enjoyed it!
Interesting to reread this article 5 months later. Mercedes walked away from the Alpine F1 deal in May because Otro’s $720 million asking price for 24% stake implied a $3 billion valuation, while Mercedes reportedly valued Alpine F1 at ~$2.3 billion. Horner’s calculation includes the value of returning to F1 with equity and influence, which explains why his consortium might pay more.
September ends the current restriction on Otro’s stake, but it does not solve the question of control. Renault will still own 76%, and buying the minority position would give Horner equity without the Wolff-style operational authority he appears to want. Only Renault can provide that. If Renault views Horner as an aligned partner, it may have an incentive to structure a deal before September, while ownership and operational authority can still be negotiated together.
I wrote a Flavio article for the series and he essentially said Toto's offer had been very fair and be thinks Otro
was not being fair. It's interesting how it all comes down to what often matters more than money: control.
Exactly. Flavio Briatore’s view that Toto Wolff’s Alpine F1 24% stake offer was fair and Otro’s price was not reflects the gap between owning equity and exercising control. Christian Horner may value the stake more highly if Renault also grants him operational authority. Meanwhile, Flavio is watching from the sidelines while already exercising considerable influence over the team without investing in the equity himself.
really interesting
Glad you think so :)
What an insightful read!
So glad you enjoyed it :)
Never heard of Toto Wolff. Will definitely read up on him.
Never heard of Toto Wolff. Great article. Would be interested in learning more.
A beautifully crafted article on one of Formula One's most intriguing team principals and investors
Thank you, so glad you enjoyed it!