P1racenews AI automatic summary:
A former F1 team boss is getting ready to buy a motorsport team, as he looks to get back into the day to day of team management.
A former F1 team boss is preparing to purchase a motorsport team, aiming to return to day-to-day team management tasks. Guenther Steiner, a well-liked figure among fans, is reportedly finalizing the acquisition of the Tech3 MotoGP team for approximately €20m. Steiner, who was released by Haas before the 2024 season, has gained popularity in the media in recent times, partly due to his appearances on Drive to Survive. Despite being approached to re-enter the F1 paddock, Steiner has been focusing on promoting his second book and working as a pundit on RTL. The acquisition is financed mostly by Apex Capital, a sports-focused investment firm supported by drivers like Lando Norris and Carlos Sainz. This move, possibly the first significant collaboration between MotoGP and F1 since Liberty Media’s acquisition, may pave the way for future partnerships, possibly attracting the interest of seven-time F1 champion Lewis Hamilton.
