RED BULL KTM TECH3 has announced that David Blitzer’s Bolt Ventures and Main Street Advisors have partnered with IKON Capital to acquire the MotoGP team.
Led by Tech3 CEO Guenther Steiner, an internationally recognised motorsport executive and former Formula 1 team principal, the new ownership group aims to position Tech3 as a leading force on the MotoGP grid while further enhancing the championship’s global profile.
Bolt Ventures and Main Street Advisors join IKON Capital with extensive experience in building and scaling businesses across sport and media. Supported by fresh capital from the two new investors, Tech3 is set to strengthen its competitive performance, further professionalise its commercial operations, and grow its franchise value through expanded brand development, fan engagement and sponsor activation.
David Blitzer, who is the first individual to hold ownership stakes across all five major US men’s professional sports leagues (NBA, NHL, NFL, MLB and MLS) brings deep expertise in league governance, media rights economics and fan engagement to Bolt Ventures’ investment in Tech3.
Main Street Advisors, led by founder and CEO Paul Wachter, has a strong track record of advising and investing alongside high-profile global athletes, entertainers, entrepreneurs and institutional investors. The firm contributes significant experience in building culture-shaping businesses across sport, media, lifestyle and experiential sectors.
Alongside Bolt Ventures, Main Street Advisors and IKON Capital, the wider Tech3 investor group includes TRAIL SLAM and Pierre Gasly, ALK Capital, Barry English (Penman Holdings), Tom Stafford, Charles de Carvalho and Richard Cook (Dolphin Capital).
Steiner said, “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. 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.”
IKON Capital joint founders Markus Gloël and Damien (Daimo) O’Donohoe commented, “First and foremost, we would like to acknowledge the exceptional dedication of Hervé Poncharal, the former owner of Tech3, and thank the entire Tech3 team and MotoGP for the warm welcome we have received as we embark on this next chapter together. We’re excited to work alongside an esteemed investor group that brings deep experience growing and developing multiple sports properties. Together, we look forward to building Tech3 into a leading team and helping the championship drive global growth for MotoGP.”
Blitzer shared, “MotoGP is well positioned to enjoy the type of meteoric rise we’ve seen with Formula 1, and we’re confident our investment in Tech3 is an investment in the future of motorsports. We’re looking forward to working alongside Main Street Advisors, IKON Capital, and the other members of this like-minded ownership group to resource Guenther and the Tech3 team with everything it needs to compete with the best of MotoGP and grow on and off the grid.”
Wachter expressed, “MotoGP is one of the most compelling investment opportunities in sports today and we are thrilled to partner with Bolt, IKON and Guenther to help write the next chapter of Tech3 and support the evolution of the broader series. Our platform, which blends investing, business building, and strategic advisory, is uniquely positioned to help accelerate the growth of Tech3 and MotoGP and we can’t wait for more people, especially in the U.S., to be introduced to this exciting sport and its rich history.”
MotoGP chief sporting officer Carlos Ezpeleta added, “Having an investor group of this stature acquire a team is a strong endorsement for MotoGP and for the championship’s trajectory of global growth. We are excited to welcome the group to the paddock and look forward to working in partnership to bring the championship to new audiences around the world.”
