David Blitzer, owner of Crystal Palace, along with Burnley owner ALK Capital and Formula 1 driver Pierre Gasly, have become key figures in the acquisition of the MotoGP Tech3 team. This takeover, led by Drive to Survive personality Guenther Steiner, took place over the past four months, marking a significant moment for the MotoGP Tech3 team competing in both MotoGP and Moto3 categories.
The buyout was initiated by former Haas F1 team principal Steiner, who now serves as CEO of the French-based Tech3 outfit. London’s Ikon Capital acted as the primary investor and was later joined by multi-sport entrepreneur Blitzer’s Bolt Ventures and Main Street Advisors, the latter closely linked to NBA superstar LeBron James and his partner Maverick Carter, broadening the ownership group’s expertise and resources.
Prominent Investors Bring Diverse Sports Backgrounds to Tech3
David Blitzer is notable for his vast sports portfolio, including an 18 percent stake in FA Cup holders Crystal Palace and ownership interests across the five major US sports leagues, such as the NFL’s Washington Commanders and the NBA’s Philadelphia 76ers. ALK Capital’s involvement adds further weight, alongside Gasly’s unique contribution as the first active Formula 1 driver to invest in a MotoGP team through the privately held fund Slam, which focuses on sectors like sports, luxury, and culture in Europe.
I’m thrilled to have the opportunity to invest in Tech3 alongside Slam Fund. I have a strong conviction in the strength of the Tech3 brand and the long-term growth of the MotoGP sport,
said Pierre Gasly.
Tech3 has significant untapped potential, and I look forward to contributing to further elevating the team’s profile.
Steiner Highlights Shared Vision and Strategic Growth for Tech3
The acquisition of Tech3 is significant as it represents the first team takeover following Liberty Media’s acquisition of MotoGP last year in a deal exceeding £3 billion. Steiner, who earned wide recognition through the Netflix series Drive to Survive for his Formula 1 roles, emphasized the importance of the new investment group’s alignment with the team’s values and future ambitions.
It’s a very exciting time to be entering MotoGP, and it was important to Ikon Capital and me to bring together a group of like-minded investors who share a long-term vision for the Tech3 team,
Steiner explained.
We are joined by a strong group that understands motorsport, brings genuine value-added capabilities, and shares our core values.
Just as importantly, we are committed to preserving Tech3’s heritage while taking a measured, strategic approach to growth. This is about building on what already works, and I’m looking forward to working together to shape the team’s future.
A New Chapter for Tech3 and Its Impact on MotoGP
This takeover is poised to strengthen Tech3’s standing in the highly competitive MotoGP landscape, benefiting from the involvement of investors with deep expertise across multiple sports and entertainment sectors. Pierre Gasly’s pioneering role as an active F1 driver investing in MotoGP signals growing cross-discipline interest and may inspire further collaboration between motorsport series.
With Guenther Steiner at the helm and investors such as David Blitzer and Main Street Advisors lending their support, Tech3 is well-positioned for renewed growth and enhanced visibility. The coming months will reveal how this strategic partnership influences both the team’s performance and the broader development of MotoGP under Liberty Media’s ownership.
