KTM Faces Financial Crisis Amid MotoGP Concerns

KTM, the Austrian motorcycle manufacturer, is facing severe financial troubles, with debts nearing €3 billion, leading to unpaid wages for employees and uncertainty for MotoGP rookie Pedro Acosta. The company had initially promised a 90% advance on December salaries, but has since postponed payments until 2025, causing distress among workers and raising doubts about the stability of the Red Bull KTM Factory Racing team. Acosta's manager, Albert Valera, expressed concerns about the implications for bike development and competitiveness, noting that their understanding of KTM's financial strength was based on assurances made when signing the contract in May. Despite KTM's claims that the MotoGP project will continue unaffected, Acosta and his team remain apprehensive about the conditions under which they will compete. As the situation unfolds, the team and Acosta's entourage are left questioning their future options in a rapidly changing landscape. The ongoing financial crisis has raised alarms about the viability of KTM's racing ambitions, with competitors reportedly reaching out to Acosta regarding his status.