• Home
  • News
  • World
  • Politics
  • Money
  • Lifestyle
  • Entertainment
  • Health
  • Sports
  • Travel
  • More
    • Tech
    • Web Stories
    • Spotlight
    • Press Release
What's On

‘I’m a baby name consultant – these names are so rare they’re going extinct’

8 May 2025

HMRC clarifies timeframes for National Insurance top-up towards state pension

8 May 2025

Husband butchered wife and left her in bin before £23k shopping spree with her credit card

8 May 2025

BBC Question Time row as MP says ‘we’ve been shafted’ by Trump’s trade deal

8 May 2025

BBC licence fee ‘could be scrapped’ due to Trump’s Hollywood protectionist tariffs

8 May 2025

Mason Mount sent two-word message by Man Utd star after Europa League heroics

8 May 2025

Peter Andre leaves fans divided over sweet family trip as he shares rare group snaps

8 May 2025
Facebook X (Twitter) Instagram
Trending
  • ‘I’m a baby name consultant – these names are so rare they’re going extinct’
  • HMRC clarifies timeframes for National Insurance top-up towards state pension
  • Husband butchered wife and left her in bin before £23k shopping spree with her credit card
  • BBC Question Time row as MP says ‘we’ve been shafted’ by Trump’s trade deal
  • BBC licence fee ‘could be scrapped’ due to Trump’s Hollywood protectionist tariffs
  • Mason Mount sent two-word message by Man Utd star after Europa League heroics
  • Peter Andre leaves fans divided over sweet family trip as he shares rare group snaps
  • Man visits charity shops for 10 years and finally finds item he was looking for
Facebook X (Twitter) Instagram YouTube
England TimesEngland Times
Demo
  • Home
  • News
  • World
  • Politics
  • Money
  • Lifestyle
  • Entertainment
  • Health
  • Sports
  • Travel
  • More
    • Tech
    • Web Stories
    • Spotlight
    • Press Release
England TimesEngland Times
Home » F1 chief resigned after brother arrested carrying ‘large amount of cash’
Sports

F1 chief resigned after brother arrested carrying ‘large amount of cash’

By staff8 May 2025No Comments4 Mins Read

Oliver Oakes abruptly resigned from his role as team principal of Alpine after the Miami Grand Prix on Sunday and more information about the nature of his departure has emerged

MIAMI, FLORIDA - MAY 02: Oliver Oakes, Team Principal of Alpine F1 in the Team Principals Press Conference prior to Sprint qualifying ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 02, 2025 in Miami, Florida. (Photo by Mark Sutton - Formula 1/Formula 1 via Getty Images)
Oliver Oakes quit following Sunday’s Miami Grand Prix(Image: Mark Sutton – Formula 1/Formula 1 via Getty Images)

Oliver Oakes resigned from his role as team principal of Alpine just days after his brother was arrested while carrying a large amount of cash. Oakes, 37, became the youngest active team principal in Formula 1 and the second youngest in the sport’s history when he was appointed last July but quit following Sunday’s Miami Grand Prix, where Alpine failed to score points.

Now it’s been revealed that Oakes, who also owns British motor racing team Hitech Grand Prix, offered his resignation in the wake of his brother’s arrest. The Telegraph report that William Oakes was apprehended in the Silverstone Park area last Thursday.

William, 31, is listed as a director of Hitech on Companies House. He was charged with ‘transferring criminal property’ and has been remanded in custody. Police say that he was in possession of a large amount of cash when the arrest was made.

A Metropolitan Police spokesperson said: “William Oakes, 31, of Rugby was charged with transferring criminal property on Friday, May 2 after he was stopped in the Silverstone Park area in Northamptonshire on Thursday, May 1, 2025 in possession of a large amount of cash. He appeared before Northampton Magistrates’ Court on Saturday, May 3, and remanded in custody.”

Oliver Oakes, who was in Florida preparing for the weekend’s racing at the time of William’s arrest, declined to comment when approached by the Telegraph. Mirror Sport have approached Hitech for comment, while Alpine declined to comment as the situation was ‘not team related’.

READ MORE: Lewis Hamilton shows true colours with comment on Kimi Antonelli joy at MercedesREAD MORE: Jack Doohan’s dad slams Alpine decision to axe son and aims dig at F1 team-mate

Oakes spoke at a team principals’ press conference alongside Red Bull’s Christian Horner and Mercedes’ Toto Wolff on Friday. His whereabouts are currently unknown, although he’s understood to have flown to Dubai following the Grand Prix. Oakes stunned fans with his decision to leave the Enstone-based team after 10 months in charge.

His exit was confirmed after Alpine had announced their decision to axe rookie Jack Doohan just six race weekends into the 2025 season and replace him with reserve driver Franco Colapinto for at least the next five rounds. “BWT Alpine Formula One Team announces that Oliver Oakes has resigned from his role as Team Principal,” a statement read.

“The team has accepted his resignation with immediate effect. As of today, Flavio Briatore will continue as Executive Advisor and will also be covering the duties previously performed by Oliver Oakes.

“The team would like to thank Oliver for his efforts since he joined last summer and for his contribution in helping the team secure sixth place in the 2024 Constructors’ Championship. The team will not be making any further comment.”

MELBOURNE, AUSTRALIA - MARCH 14: Oliver Oakes, Team Principal of Alpine F1 and Flavio Briatore, Executive Advisor of Alpine F1 in the Pitlane during practice ahead of the F1 Grand Prix of Australia at Albert Park Grand Prix Circuit on March 14, 2025 in Melbourne, Australia. (Photo by Mark Sutton - Formula 1/Formula 1 via Getty Images)
Oliver Oakes’ duties will now be performed by Flavio Briatore(Image: Mark Sutton – Formula 1/Formula 1 via Getty Images)

The experienced Briatore, who turned 75 last month, then shared more information about Oakes’ departure. “A lot has been said in the past 24 hours incorrectly associating the decision of Oli resigning to an alleged disagreement, or that we shared different views,” the ex-Benetton and Renault chief explained.

“This is completely false and far from the truth. Me and Oli have a very good relationship and had long-term ambitions to drive this team forward together. We respect Oli’s request to resign and have therefore accepted his resignation.

“The reasons are not related to the team and are of a personal nature. I will continue to be more and more involved with the team, together with the strong management we already have in place. We will work hard on improving our position this season and preparing for 2026.”

Sky Sports launches discounted Formula 1 package

This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more

£43

£35

Sky

Get Sky Sports here

Formula 1 fans can watch every practice, qualifying and race live with Sky’s new Essential TV and Sky Sports bundle in a new deal that saves £192.

As well as Sky Sports access, this includes more than 100 TV channels and free subscriptions to Netflix and Discovery+.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

Related News

Mason Mount sent two-word message by Man Utd star after Europa League heroics

8 May 2025

Sheffield United hammer Bristol City to put one foot in Championship playoff final

8 May 2025

Leeds fan, 23, in coma after falling from tree during promotion celebrations

8 May 2025

Fans tear into Mikel Arteta’s awkward ‘malfunctioning’ interview after Arsenal defeat to PSG

8 May 2025

Luke Humphries ‘wasn’t worried’ Luke Littler would snub England’s World Cup of Darts dream team

8 May 2025

Roy Keane sends message to David Beckham after 50th birthday snub

8 May 2025
Latest News

HMRC clarifies timeframes for National Insurance top-up towards state pension

8 May 2025

Husband butchered wife and left her in bin before £23k shopping spree with her credit card

8 May 2025

BBC Question Time row as MP says ‘we’ve been shafted’ by Trump’s trade deal

8 May 2025

BBC licence fee ‘could be scrapped’ due to Trump’s Hollywood protectionist tariffs

8 May 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Sports

Mason Mount sent two-word message by Man Utd star after Europa League heroics

By staff8 May 20250

Manchester United were saved by super sub Mason Mount after producing a largely away performance…

Peter Andre leaves fans divided over sweet family trip as he shares rare group snaps

8 May 2025

Man visits charity shops for 10 years and finally finds item he was looking for

8 May 2025

Nicola Packer abortion trial’s most tragic details from traumatic delivery to body in bag

8 May 2025
England Times
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact Us
© 2025 England Times. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version