Racing

Guenther Steiner and Investor Group to Acquire Tech3 MotoGP Team

A significant shift in the MotoGP landscape is on the horizon, as former Haas Formula 1 team leader Guenther Steiner, backed by a powerful group of investors, is poised to complete the acquisition of the Tech3 MotoGP team. This strategic move, which has been under negotiation and recently finalized, signifies a new era for the satellite team and is expected to bring heightened attention to the sport.

The formal announcement of this pivotal transaction is scheduled for Friday during a press conference at the Catalan Grand Prix. Steiner himself will be present to mark this occasion, signaling his direct involvement and leadership in the team's future. The consortium of investors, largely originating from the United States, played a crucial role in facilitating this deal, which carries an estimated value of just under €20 million. Notably, the Apex fund, known for managing capital for high-profile athletes and its recent acquisition of a stake in the Alpine F1 team, has been instrumental in this venture. Among its prominent investors is McLaren F1 driver Lando Norris, though other notable figures from the F1 grid have chosen to remain anonymous.

This change of ownership has garnered positive reception from all key stakeholders, including KTM, which is committed to supplying motorcycles to the Tech3 team at least until the close of the 2026 season. Dorna and Liberty Media, now the primary shareholders of the Spanish company, also welcome the transition. Speculation suggests that Steiner has secured assurances from the promoter to safeguard Tech3's two grid positions beyond the upcoming year, ensuring stability and continuity for the team.

Under the new leadership, the team's current rider roster, featuring Maverick Vinales and Enea Bastianini, will be retained, along with the existing staff, and the team's operational base in France will remain. While initial reports indicated some denial from Tech3 co-founder and former owner Herve Poncharal regarding the deal, the impending announcement underscores the prevailing sentiment in motorsport where executive interests often dictate the direction of teams. It is understood that Poncharal will progressively transfer his responsibilities to Steiner, allowing the Italian engineer a smooth transition from the Formula 1 environment to the unique dynamics of MotoGP.

Both Dorna and Liberty Media anticipate that Steiner's charismatic presence and extensive influence will serve as a catalyst for MotoGP's global expansion. His widespread fan following, attributed to his vibrant personality, is seen as a valuable asset for promoting the sport. Indeed, Steiner has already been observed in the Barcelona paddock, indicating his proactive engagement with the MotoGP community. This acquisition promises to inject fresh energy and strategic direction into the Tech3 team, with potential ripple effects across the entire MotoGP series, enhancing its appeal and reach on an international scale.

Bagnaia's Ducati MotoGP Set-Up Breakthrough: A Turning Point

MotoGP racer Francesco Bagnaia has expressed his renewed optimism regarding his Ducati team's efforts to enhance the performance of his motorcycle. After facing persistent challenges throughout the season, Bagnaia confirmed that a significant technical adjustment has seemingly resolved his long-standing issues. This pivotal modification, implemented at the recent Hungarian Grand Prix, has fundamentally transformed his riding experience, allowing him to regain confidence in his machine. Despite the initial race outcomes not fully reflecting the depth of these improvements, the Italian rider is convinced that this strategic shift marks a crucial turning point, promising a more competitive outlook for the remainder of the season. His ability to maneuver and overtake in close quarters, a struggle in previous races, has notably improved, suggesting a potent combination of rider skill and mechanical harmony.

The critical adjustment came after a challenging qualifying session at the Hungarian Grand Prix, where Bagnaia's early exit spurred Ducati to undertake radical changes to his bike's setup. While the exact nature of these modifications remains undisclosed, Bagnaia hinted at a precise, albeit small, alteration to the bike's geometry, specifically mentioning a change of \"less than two centimeters.\" This seemingly minor adjustment had a profound impact, particularly on the bike's braking and corner-entry dynamics, areas where Bagnaia had experienced season-long difficulties. His renewed ability to brake effectively and maintain stability through turns, even when closely following other riders, indicates a successful resolution to these performance hurdles.

Previously, Bagnaia found himself severely hampered when attempting to ride in traffic, a common scenario in competitive MotoGP races. The aerodynamic wash from preceding bikes, or 'slipstream,' had exacerbated his bike's stopping and cornering deficiencies. However, following the Hungarian GP adjustments, he observed a dramatic improvement in his capacity to navigate these situations. He now reports feeling truly connected with his bike, describing it as once again being 'his bike,' a testament to the success of Ducati's intervention. This transformation was evident in his ability to engage in direct battles, such as the intense final-lap duel with Pol Espargaro's KTM, a type of engagement that had been nearly impossible earlier in the season.

Bagnaia emphasized that these changes were initiated by the Ducati team, spurred by his growing impatience and insistence on addressing the persistent problems. The decision to implement such a substantial modification was a calculated risk, a 'desperate step' as he termed it, given the challenges they faced. However, this bold move has evidently paid off, transforming his perspective on the season. Unlike previous instances of optimism, such as after the Aragon in-season test, Bagnaia now believes he has tangible evidence of a fundamental improvement. His previous struggle of being competitive only when riding alone, and then losing pace in races while following others, appears to be behind him. This breakthrough sets the stage for a stronger showing in upcoming events, as Bagnaia looks to leverage his newfound confidence and the bike's enhanced capabilities.

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Guenther Steiner Spearheads Acquisition of Tech3 MotoGP Team

In a significant development for the MotoGP racing series, former Formula 1 team principal Guenther Steiner, leading a consortium of investors, will officially announce the takeover of the Tech3 team. This highly anticipated announcement is scheduled for Friday during the Catalan Grand Prix weekend, marking a new chapter for the satellite team.

The acquisition, reportedly valued at approximately €20 million, was orchestrated with the assistance of Apex, an investment fund known for managing capital for high-profile athletes. Among the notable figures involved is McLaren F1 star Lando Norris, although several other investors, some currently active in Formula 1, have chosen to remain anonymous. This investment aligns with Apex's previous strategic moves, such as their acquisition of a 20% stake in the Alpine F1 team.

This ownership transition has garnered positive reception from key stakeholders, including KTM, who will continue to supply motorcycles to the team until at least 2026, as well as Dorna and Liberty Media, the new majority shareholder of the Spanish company. The existing rider lineup, featuring Maverick Vinales and Enea Bastianini, along with the current staff, will be retained, and the team's operations will remain based in France. While Tech3 co-founder Herve Poncharal had previously denied any agreement, this forthcoming announcement underscores the prevailing sentiment in motorsport that executive interests often shape the landscape. Steiner is expected to gradually assume responsibilities from Poncharal, transitioning from the world of F1 to the unique environment of MotoGP. Both Dorna and Liberty Media anticipate that Steiner's charismatic presence and influence will contribute significantly to MotoGP's international growth, a sentiment echoed by his recent appearance in the Barcelona paddock.

This strategic investment and leadership change underscore a vibrant and evolving motorsport landscape. The infusion of new capital and seasoned leadership often brings fresh perspectives and accelerated growth, benefiting not only the team involved but the sport as a whole. Such transitions remind us that success in competitive fields is often a blend of talent, dedication, and astute business decisions, continually pushing boundaries and inspiring a global audience.

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