P1racenews AI automatic summary:
Former F1 team boss Guenther Steiner’s takeover of the Tech3 KTM team is set to be announced at this weekend’s Catalan Grand Prix
According to sources in the MotoGP paddock, former F1 team boss Guenther Steiner is set to take over the Tech3 KTM team at the Catalan Grand Prix this weekend with an American consortium. The deal involves purchasing the team from long-time owner Herve Poncharal, who had been in negotiations with Steiner for several months. Poncharal described Steiner as straightforward and expressed interest in continuing under the Tech3 name with different investors to ensure stability for the team in the future. The announcement of Steiner’s takeover is expected on Friday at the Montmelo circuit, following rumors that a deal had been signed and a special press conference scheduled. This news is anticipated to be well received by MotoGP’s new owners, Liberty Media, who see Steiner’s involvement as an opportunity to attract F1 viewers to their new property through potential documentary collaborations.
