MotoGP rider Pedro Acosta, who has signed a multi-year contract with the KTM factory this year along with Brad Binder, is confident that the team will “survive” its currency crisis. The statements come after KTM dispelled Acosta’s doubts about his long MotoGP career when the Spaniard visited KTM’s headquarters in Mattighofen, Austria, last month.
KTM faces a monetary crisis with debts exceeding 2. 9 billion euros, which led to a restructuring effort for bankruptcy. Even if a recent creditors has aroused cautious optimism, the procedure has been able to continue, strengthened through prospective investments that can succeed in 700 million euros from external sources.
While Orange’s logo has maintained that its motorsport business, namely MotoGP, will not be affected by the restructuring despite its huge investments in the project, reports from the first creditors’ hearing recommend that KTM would pull out of the game until the end of 2026. The confusion about KTM’s long history in MotoGP has generated several concerns, especially for Acosta, who starts a new bankruptcy with the team in a few weeks.
However, the 20-year-old is calm about the situation, probably due to his stopover at KTM headquarters. Speaking at a Pont Grup event, he told Marca:
“The existing KTM scenario doesn’t suit us at all, and I’m sure they will cross it.
“I’m pleased to have made the factory team, which is what we’ve been from the beginning. The objective will be to finish perfecting some aspects of the bike and look for regularity in the races to fight for greater results.
“The objective will be to try to have coherence. Many times I tried to do it so temporarily that I fell. “[Translated via Google]
Acosta met with senior officials at KTM’s headquarters in Matghofen, as demonstrated by his manager Albert Valera after speaking about the team’s long history in MotoGP. Valera revealed that Acosta was relieved after receiving an official update. He said:
“Pedro and I had the opportunity to travel to Austria to see in person the real situation of the KTM project in MotoGP.
“Despite the scenario that is going through the company, the feeling is positive.
“They told us that the races was the essence of KTM, that they would continue with the paintings with the sole objective of winning the title.
“Pedro is committed to the project and feels more relieved and confident after the meeting.”
This article first appeared on Motorsports on SI and was syndicated with permission.
More must-reads:
Get the latest news and rumors on your favorite sports and teams. Emailed daily. Always free!