Guenther Steiner completes takeover of major racing team

MotoGP, meet Guenther Steiner. Red Bull KTM Tech3 is set to enter a new era as a consortium headed by the motorsport leader will acquire full ownership of the MotoGP team, including Moto3™. The new structure is set to take full effect from 2026.

Guenther Steiner has completed his takeover of the Red Bull KTM Tech3 MotoGP team.

The former Haas F1 team boss is leading a consortium to acquire full ownership of the squad, who currently field Maverick Vinales, currently out injured, Enea Bastianini, and Pol Espargaro. 

Steiner is to become CEO of the project, with his partner Richard Coleman serving as Team Principal. 

Current boss Hervé Poncharal will continue to lead the team through the current campaign, before transitioning to a consultancy role. 

The team will continue to compete as Tech3, fielding KTM machinery as per current agreements, and retain their long-standing base in Bormes-les-Mimosas, France.

"This is a fantastic opportunity. Tech3 is a great team with a huge amount of potential and an impressive legacy," Steiner explained.

"Hervé’s impact on the team and MotoGP itself cannot be overstated, and we’re honoured to take over and keep building on those foundations. 

"We’re excited to become part of the MotoGP paddock and maximise the potential of the team and the sport as it continues to grow, helping to bring it to new audiences."