KTM's deepening financial crisis and an ongoing EU investigation into Liberty Media's acquisition of MotoGP rights have raised concerns about the future of the motorcycle racing series. KTM, burdened by over €3 billion in debt, is exploring options to avoid bankruptcy, including a potential exit from MotoGP. While the company insists on competing in MotoGP in 2025, the situation remains uncertain.
The last month really hasn’t been a good one for MotoGP. KTM ’s deepening financial crisis and the EU probe into the Liberty Media acquisition over fears of a monopoly on broadcasting rights, kicking that down the road until potentially May, has painted the picture of a series whose bright future may be snatched away from it.
“Today marks an important day for KTM with the confirmation of our restructuring proceedings,” a statement passed to the media read after the creditors’ hearing. “This milestone secures our plan moving forward, and we are proud to confirm that motorsport remains an integral part of this restructuring plan.
Of course, it’s hard to see how KTM can make it to the 2027 grid with a brand-new bike in its current situation. Hamilton is a bike nut. A long-time lover of MotoGP, Hamilton took part in a ride swap with Valentino Rossi at the end of 2019 when he got to ride a Yamaha M1 for the first time. Earlier that year Hamilton took part in a Yamaha track day on an R1. In both events, he impressed everyone with his riding ability but also his approach.
“When we announced it, we had immediately people call up and say ‘I want to buy a team’, including people like Lewis Hamilton,” outgoing Liberty CEO Greg Maffei said in an investors’ call in the summer. Ahead of his Ferrari move, reports have surfaced that Hamilton will partner with energy drinks company Celsius - ending his long-time association with Monster Energy. KTM, of course, is title-sponsored by Red Bull for both of its MotoGP teams. That’s one hurdle removed, though Beirer did point out that investing isn’t sponsoring, and therefore fizzy drink brands aren’t going to be a barrier to a potential Hamilton buy-in.
Motogp KTM Financial Crisis Liberty Media EU Investigation
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KTM Pauses MotoGP Bike Development Amid Financial CrisisKTM's MotoGP bosses have decided to pause the development of its bikes as the company faces a significant financial crisis. The Austrian manufacturer, part of Pierer Mobility group, has filed for insolvency with a debt of around 3 billion euros. This decision is part of a plan to secure KTM's sporting project in the MotoGP championship.
Read more »
KTM’s MotoGP project threatened by reorganisation measuresKTM’s MotoGP future uncertain amidst financial crisis
Read more »
Acosta 'worries' about KTM's financial situation ahead of MotoGP factory moveKTM's financial situation is casting doubt on Acosta's future within the team
Read more »
KTM Sells MV Agusta Stake Amid Financial CrisisKTM, facing a financial crisis, is selling its 50.1% stake in Italian motorcycle company MV Agusta. Overproduction and declining demand have led to financial difficulties for both KTM and MV Agusta.
Read more »
KTM Sells MV Agusta Stake Amid Financial CrisisKTM is selling its majority stake in MV Agusta as the Austrian motorcycle manufacturer faces a financial crisis and an investigation by Austria's Financial Market Authority. KTM has been struggling with overproduction and has laid off hundreds of staff members. The Financial Market Authority is investigating whether KTM's parent company, Pierer Mobility Group, complied with disclosure regulations during a period of adjusted business forecasts and management changes.
Read more »
KTM “not letting off the throttle” amidst financial crisisKTM issues update in wake of Friday’s Regional Court ruling
Read more »