Who is investing in the Tech3 MotoGP team?

Alpine F1 driver Pierre Gasly is among the investors in the Guenther Steiner-led acquisition of the Tech3 MotoGP team. The group also includes David Blitzer and Main Street Advisors, with IKON Capital leading the investors.

What is Pierre Gasly's role in the Tech3 MotoGP team acquisition?

Pierre Gasly is an investor in the Tech3 MotoGP team through the SLAM/TRAIL investment group, marking him as the first active F1 driver to invest in a MotoGP team.

What is the value of the Tech3 MotoGP team acquisition?

The deal for the Tech3 MotoGP team was reportedly worth approximately €20 million, according to a source from last year.

Home / Sports / F1 Driver Pierre Gasly Backs Guenther Steiner's MotoGP Team

F1 Driver Pierre Gasly Backs Guenther Steiner's MotoGP Team

30 Jan

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Summary

Pierre Gasly is the first active F1 driver to invest in a MotoGP team.
Guenther Steiner leads the acquisition of the Tech3 MotoGP team.
The Tech3 team is currently a satellite outfit for Austrian manufacturer KTM.

F1 Driver Pierre Gasly Backs Guenther Steiner's MotoGP Team

Alpine Formula 1 driver Pierre Gasly is now part of the investor group acquiring the Tech3 MotoGP team. This significant move, spearheaded by Guenther Steiner, makes Gasly the first active F1 driver to invest in a MotoGP team. The acquisition was initially announced in September and is reportedly worth approximately €20 million. IKON Capital is leading the investor group, which also includes US-based David Blitzer and Main Street Advisors. Gasly's investment is channeled through the SLAM/TRAIL investment group. He expressed strong conviction in the Tech3 brand and MotoGP's growth potential, aiming to elevate the team's profile. Tech3 has been a competitor in premier motorcycle racing since 2001 and operates as a satellite team for Austrian manufacturer KTM. Liberty Media, the owner of Formula 1, completed a €4.2 billion takeover of MotoGP's commercial rights holder, Dorna Sports, in July of last year. Guenther Steiner highlighted the exciting timing for entering MotoGP and emphasized the importance of uniting investors with a shared, long-term vision for Tech3, focusing on preserving its heritage while strategically pursuing growth.