News Summary:
MSP Sports Capital, which acquired a majority interest in X Games from ESPN in 2022, announced a plan two years ago to fundamentally change the action sports franchise, moving away from standalone summer and winter events. Separately, on June 19, 2026, the New Zealand SailGP team, the Black Foils, secured new majority owners as they prepared to rejoin the SailGP fleet. Previously, on February 11, 2026, reports indicated that former Red Bull Racing team principal Christian Horner held discussions with MSP Sports Capital regarding backing a potential deal involving Alpine. Horner, replaced at Red Bull in July 2025, reportedly sought a return to F1. On February 10, 2026, his F1 return reportedly took a turn with an investor who previously held a stake in McLaren Racing, an entity MSP Sports Capital was once involved with. This followed earlier reports on February 9, 2026, that Horner's bid for an F1 return could be supported by a former part-owner of the McLaren team, specifically concerning the potential purchase of a stake in the Alpine team, available as Otro Capital seeks to sell its 24% stake acquired in 2023.
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