Motorsport giants file for insolvency with €3billion debt despite Lewis Hamilton’s offer to buy team ...Middle East

All is not well in the world of MotoGP, despite Formula 1’s owners paying an astonishing €4.2billion (£3.3bn) to purchase the sport. And that could have ramifications for F1 icon Lewis Hamilton, who has already expressed his interest in buying his way into the greatest show on two wheels. Biking fan Hamilton had expressed his interest in buying a MotoGP teamGetty KTM, one of just five MotoGP manufacturers, have now paused development on their bikes a week after filing for insolvency, as per motorsport.com. The Austrian brand has a reported debt of €3billion (£2.5million) and is trying to avoid bankruptcy. The news comes eight months after Liberty Media, the owners of F1, annou

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Motorsport giants file for insolvency with €3billion debt despite Lewis Hamilton’s offer to buy team ...Middle East

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