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Former Haas Formula 1 team principal Guenther Steiner is finalising a takeover of the Tech3 MotoGP team, according to reports from Autosport.
Former Haas Formula 1 team principal Guenther Steiner is finalising a takeover of the Tech3 MotoGP team, valued at just over £20 million, as per reports from Autosport. Sources indicate that the deal marks the first major move following Liberty Media’s acquisition of the championship. Steiner, known for his stint with Haas and role in the Netflix series Drive to Survive, is set to lead the takeover effort. Funding primarily stems from Apex, a company managing investments for numerous athletes, including Lando Norris, with reports of anonymous investments from F1 drivers.
The deal includes commitments to maintain Tech3 staff, retain current riders Enea Bastianini and Maverick Vinales, and keep headquarters in France. Herve Poncharal stated that Steiner might join as an investor or minority shareholder. The acquisition could alleviate pressure on KTM post-financial crisis and secure Tech3’s future amid potential regulation changes in the 2027 MotoGP season. Talks between Tech3 and interested parties, like Steiner, have been ongoing, suggesting a smooth transition of leadership from Poncharal to Steiner upon agreement.
