The ex-Haas team principal has been linked with acquiring the KTM satellite team for months and now it has been made official.
Steiner, who will be CEO, has acquired the group as part of a consortium managed by Richard Coleman, who will be the team principal.
Herve Poncharal, founder and incumbent team principal, will continue to lead Tech3 this year before relinquishing the reins.
Poncharal will remain onboard in a consultant capacity.
The new structure will take full effect from 2026 and will continue under the Red Bull KTM Tech3 banner and remain at its French base at Bormes-les-Mimosas.
“This is a fantastic opportunity,” said Steiner.
“Tech3 is a great team with a huge amount of potential and an impressive legacy.
“Hervé’s impact on the team and MotoGP itself cannot be overstated, and we’re honoured to take over and keep building on those foundations.
“We’re excited to become part of the MotoGP paddock and maximise the potential of the team and the sport as it continues to grow, helping to bring it to new audiences.”
More to come.
This article first appeared on Speedcafe.com, a sister site to MotorRacing.com.
