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Tech3 KTM boss Herve Poncharal has denied reports that the sale of his MotoGP team to a coalition headed by former Haas F1 team principal Guenther Steiner has been completed
Tech3 KTM boss Herve Poncharal disputed claims that he had already sold the team to a group led by former Haas F1 team principal Guenther Steiner over MotoGP’s summer hiatus. Poncharal clarified during the Austrian Grand Prix that discussions are ongoing and no deal has been finalized yet. He emphasized the need for substantial investments in preparation for the 2027-2031 contract and expressed optimism about reaching a resolution. Poncharal recalled being surprised by the premature media reports following his time out swimming. Despite the uncertainty, Poncharal believed that Steiner’s proposed partnership, potentially supported by American backers and Liberty Media, would align well with the team’s upcoming challenges and his retirement plans. Poncharal acknowledged the speculation but underlined the importance of a discerning approach to media coverage in such situations, highlighting the inevitability of rumors in the sport.
