Motorcycling-Former F1 team boss Steiner leads takeover of KTM Tech3 MotoGP team

FILE PHOTO: May 1, 2025; Miami Gardens, FL, USA; Former principal of the Haas F1 team Guenther Steiner walks on the paddock at Miami International Autodrome. Sam Navarro-Imagn Images/ File Photo

(Reuters) -A consortium led by the former Haas F1 team principal Guenther Steiner will acquire full ownership of the Red Bull KTM Tech3 MotoGP team, with the new structure to take full effect in 2026, the team announced on Friday.

Steiner will assume the role of CEO while project partner Richard Coleman will become the team principal.