P1racenews AI automatic summary:
After months of talk in the MotoGP paddock and beyond, the Tech3 team’s sale to a consortium fronted by former Formula 1 team boss Guenther Steiner and former touring car team boss Richard Coleman is official
The sale of the Tech3 team to a consortium led by Guenther Steiner and Richard Coleman has been confirmed after much speculation. Steiner will serve as CEO and Coleman as team principal, with the financing coming from IKON Capital. Herve Poncharal will no longer have a stake in the team, but will stay on in a consultancy role until 2025. The team will retain its name and base in France, with no major changes planned under the new management. Steiner and Poncharal seem to have a strong rapport, with Poncharal praising Steiner’s human approach and willingness to listen.
