Crystal Palace Owner & F1 Driver Gasly Backs Drive to Survive Star’s MotoGP Takeover

Crystal Palace owner David Blitzer, Burnley owner ALK Capital ⁢and Formula 1 ⁢driver Pierre Gasly have emerged as part of Drive to Survive star Guenther Steiner’s takeover of MotoGP team Tech3.

Former Haas F1 team principal ‍Steiner spearheaded a buyout that was announced four months ago and has seen the Italian installed as CEO of the French team,which competes in both MotoGP and Moto3.

London-based Ikon Capital was the lead investor but has as been joined by multi-sport ⁣tycoon Blitzer’s Bolt Ventures and Main Street advisors, which has close ties to NBA superstar LeBron ⁢James and his business partner Maverick Carter.

Blitzer owns 18 per cent of FA⁢ Cup holders Palace and ⁢also stakes⁢ in teams in all five major US⁣ sports leagues: the NFL (Washington Commanders), NBA ⁤(Philadelphia 76ers), Major League Baseball (cleveland Guardians), NHL (New Jersey‍ Devils) and Major League Soccer (Real Salt Lake).

Alpine‍ racer Gasly has ⁣backed Tech3 through sports, luxury, art‍ and music-focused European private ‍equity fund Slam, becoming the first active F1 driver to invest ⁣in ⁢a MotoGP team.

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