Blackstone’s Blitzer, Main Street Buy Into MotoGP Team

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By Vanessa Perdomo

January 30, 2026 at 12:00 PM UTC

David Blitzer’s investment firm Bolt Ventures is part of a consortium putting up $50 million to acquire MotoGP team Red Bull KTM Tech3.

Bolt and Main Street Advisors have partnered with IKON Capital on the deal. IKON’s participation was announced in September, with former Haas F1 team principal Guenther Steiner serving as chief executive officer of the team.