Lewis Hamilton in 'concrete' talks over buying Red Bull-linked MotoGP race team
Lewis Hamilton in 'concrete' talks over buying Red Bull-linked MotoGP race team
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Lewis Hamilton has held "concrete discussions" over investment in the KTM MotoGP squad, the company's motorsport director Pit Beirer has claimed. KTM has competed in MotoGP since its debut season in 2017. However, the Austria-based parent company has encountered financial difficulties and could be forced to sell off or close its motorsport arm as part of its self-administration process.
But bosses remain confident - in public, at least - that they will still be on the MotoGP grid in 2025. And KTM is open to investment from outsiders in order to help make that happen. Speaking to German-language outlet Speedweek, Beirer suggested that seven-time Formula 1 champion Hamilton could be an interested party. "All I can say is that we have had very interesting discussions with his management," he said.
"It is no secret that Lewis Hamilton is interested in MotoGP and is thinking about having his own team. There are concrete discussions here too. The current situation is making us creative and open to new discussions. So we are not only open to sponsors, as has been the case so far, but also to investors.".
F1 owners Liberty Media are currently in the process of buying MotoGP and its feeder series for around £3.5billion. And the American company's outgoing chief executive, Greg Maffei, recently confirmed that Hamilton is one of those interested in getting involved in the series.
