Reported creditor KTM’s MotoGP future still in doubt
MotoGP requires significant financial investment, with bike development and team operations often costing hundreds of millions of dollars. Despite these challenges, KTM remains confident in its MotoGP plans. KTM is addressing financial challenges through a self-management process. The company has partnered with global investment bank Citigroup to guide its restructuring efforts. Reports indicate that the KTM Group of Companies faces debts of approximately €3 million. Austrian media focused on the arrears of employees' November wages and Christmas bonuses. By partnering with Citigroup, KTM seeks to stabilize operations, resolve financial issues and focus on growth in the motorcycle market. This partnership reflects KTM’s efforts to consolidate its industry position and achieve long-term stability. KTM said in a statement: "We are very relieved! Today, the judge ruled that all three companies can continue to operate during the proceedings. However, today is only the first step in a 90-day restructuring process. Also read: MotoGP: Augusto Fernandez officially announced as Yamaha test rider “This…
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