Brad Binder, a South African MotoGP rider for Red Bull KTM, remains confident about the team's future despite KTM's ongoing financial struggles. The Austrian motorcycle manufacturer is facing a €3 billion liability and has implemented cost-cutting measures. Binder believes that MotoGP will continue as normal and that KTM will be able to compete for championships in 2025.
Brad Binder is cognisant of the fact that things won’t be a “100% normal” for Red Bull KTM next year, but the South African MotoGP rider is confident that the team will pull through a financial crisis that has hit the team’s corporate overlord hard and which is threatening to derail the future of the entire organisation.
The Austrian motorcycle manufacturer, earlier this year, placed themselves in self-administration to avoid bankruptcy, putting a halt on all production, laying off their workforce and cutting their board, as they grapple with liabilities reported to be as high as €3 billion .Motorsport is notoriously difficult to generate profit from, with the margins between surplus and loss tiny.
Binder finished fifth in the riders’ championship, mostly thanks to his consistency, but only managed one podium – in the first race of the season in Qatar. Teenage sensation Pedro Acosta, driving for sister team GasGas Tech 3, was the only other rider within their stable to taste success, claiming four podiums to finish one position below the South African.Jack Miller and Augusto Fernandez, meanwhile, finished in a disappointing 14th and 20th, respectively.
Said the 28-year-old: “Obviously, we've had a lot of time to speak to all our bosses and try to understand the situation; and for us, it's very clear that motorsports is continuing and MotoGP as a whole continues as normal. “Well, maybe not 100% as normal. Of course, there's going to have to be some small cuts along the way. I'm very, very grateful that even though there's the challenges at the factory and challenges with KTM as a whole, the bosses have it under control and I have all the faith in the world in them. I'm confident that we're going to get through this without any issues,” he concluded.
Motogp KTM Brad Binder Financial Crisis Red Bull
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