KTM’s long history in MotoGP is doubtful amid the currency crisis
New information from Friday’s creditors’ meeting regarding KTM’s insolvency proceedings state the brand’s MotoGP project is “planned” to be axed to reduce costs.
Reports on Friday morning emerged that KTM was being allowed to continue in its current form following a first creditors’ hearing at the Regional Court in Austria.
Investors have expressed interest in a €700 million payment to KTM, as the company seeks to restructure towards self-management against a backdrop of at least €1. 8 billion of debt.
The forecast for layoffs has also been reduced from 500 to 300, while salaries for November and December will be paid – if all goes well – until the end of January.
But initial reports made no mention of where KTM’s MotoGP project sat amidst the ongoing crisis.
The brand released a vague statement on Friday afternoon claiming it was “not letting off the throttle” into 2025, though did not mention its grand prix programmes.
The financial crisis in the company has already impacted Moto2 and Moto3, with the GASGAS and Husqvarna brands disappearing from the grid for 2025 – though numerous figureheads have said previously that the MotoGP project will continue as planned.
However, data published by the creditor coverage organisation Alpenlandischer Kreditorenverband (AKV) indicates as part of the reorganisation measures that “in order to reduce costs, the withdrawal of MotoGP, Moto2/Moto3 is planned”.
The AKV has not provided any timetable.
Crash. net contacted KTM for an official comment and the logo responded:
“Today is a day for KTM with the verification of our restructuring procedures. This step ensures the progression of our plan and we are proud to see that motorsport remains an integral component of this restructuring plan.
“KTM stands firmly committed to motorsport. We repeat our statement for 2025: we will continue to race in MotoGP!
“We are reinvigorated by today’s positive result and thank you for your support. “
KTM is expected to form two groups in MotoGP next year: its factory team led by Brad Binder and Pedro Acosta, and Tech3, which changed the name from KTM after two years to GASGAS, with Maverick Viñales and Enea Bastianini as riders.
KTM also adds 16 bikes to the Moto3 grid.
Earlier this week, Acosta’s manager Albert Valera told motorsport.com that they were reassured by KTM that the racing programme will not be affected.
“Pedro and I had the opportunity to travel to Austria to see in person the real situation of the KTM project in MotoGP,” Valera is reported as saying.
“Despite the situation the company is going through, emotions are positive.
“They told us that racing was the essence of KTM, that they would continue working with the sole objective of winning the title.
“Pedro is committed to the assignment and feels more relieved after the meeting. “
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