Oliver Oakes resigned from his place as workforce principal of Alpine simply days after his brother and fellow Hitech Grand Prix director William was arrested in England.
William Oakes is listed as a director of racing workforce Hitech Grand Prix on the UK’s Firms Home filings, a place he holds alongside his older brother Oliver who resigned from Alpine on Tuesday. The Telegraph first reported that the youthful Oakes was arrested within the Silverstone Park space – the place the Hitech workforce relies – on Friday 2 Could, 4 days earlier than Oliver left his position with instant impact.
“William Oakes, 31, of Rugby was charged with transferring felony property on Friday, Could 2 after he was stopped within the Silverstone Park space in Northamptonshire on Thursday, Could 1, 2025 in possession of a considerable amount of money,” a spokesperson for the Metropolitan Police instructed The Telegraph. “He appeared earlier than Northampton Magistrates’ Court docket on Saturday, Could 3, and remanded in custody.”
Oliver Oakes’ resignation from Alpine was described by the 36-year-old as “a private resolution” in a joint assertion alongside Flavio Briatore, who was shifting to dismiss assumptions that it was associated to a disagreement over modifications to the workforce’s driver line-up. Franco Colapinto was confirmed instead of Jack Doohan for the subsequent 5 races lower than 24 hours after Oakes’ resignation was introduced.
“Loads has been stated up to now 24 hours incorrectly associating the choice of Oli resigning to an alleged disagreement, or that we shared totally different views,” Briatore stated. “That is utterly false and much from the reality.
“Me and Oli have an excellent relationship and had long-term ambitions to drive this workforce ahead collectively. We respect Oli’s request to resign and have subsequently accepted his resignation. The explanations usually are not associated to the workforce and are of a private nature.”
Oakes’ Hitech workforce had beforehand been majority owned by Dmitry Mazepin, with 75% of the shares held through Bergton Administration Restricted, however these shares had been relinquished to Oliver Oakes in February 2022. Oakes grow to be the only real shareholder at the moment, lower than two weeks earlier than Russia’s invasion of Ukraine that resulted in plenty of oligarchs – together with Mazepin – being sanctioned.
A brand new firm – Hitech Grand Prix Holdings – was created to take management of the shares a month later, however Oakes regained the total shareholding from the corporate in July 2024, shortly earlier than being confirmed as Alpine workforce principal.
