Overview

• Herve Poncharal has rejected reports that he sold Tech3 to former F1 team boss Guenther Steiner, branding the claims as “absolute fake news.”
• He confirmed that while exploratory talks have taken place, no documents have been signed to transfer team ownership.
• Negotiations involve potential investment by Steiner alongside sports-focused financier Apex Capital, with backing reportedly from Lando Norris and Carlos Sainz.
• Steiner’s links to Tech3 trace back to his presence at May’s British Grand Prix, when initial discussions on a possible minority stake began.
• Poncharal, who co-founded Tech3 in 1990 and recently stepped down as IRTA president, has indicated plans to scale back his role to spend more time with family and pursue hobbies.