By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sports DailySports Daily
Notification Show More
  • Home
  • Football
  • Baseball
  • Basketball
    • WNBA
  • Tennis
  • Racing
  • Golf
  • Racing
Reading: Financial anxiety for Scott Redding’s WorldSBK team?
Share
Sports DailySports Daily
Search
  • Home
  • Football
  • Baseball
  • Basketball
    • WNBA
  • Tennis
  • Racing
  • Golf
  • Racing
Follow US
Sports Daily > Racing > Financial anxiety for Scott Redding’s WorldSBK team?
Financial anxiety for Scott Redding's WorldSBK team?
Racing

Financial anxiety for Scott Redding’s WorldSBK team?

May 25, 2025 3 Min Read
Share
SHARE

The MGM Bonovo Ducati team will not be new WorldSBK outfits by 2025, but changes compared to previous seasons have reduced to one bike on Scott Reading, and it is possible that the end of the season will not be able to achieve.

Until the end of last season, the MGM team worked closely with the Bayern factory to run the BMW machines.

However, when Bonovo’s Jurgen Roder announced he would retire from his team’s ownership late last year, the team’s ownership was taken over by Michael Galinski (MGM stands for “Michael Galinski Motorsport”), and Bonovo remained as a sponsor.

There were good early signs of the new machinery in the new outfit, Reading and the team’s new machinery, as the British riders were able to finish in the top six in all three races in the Australian round in February.

However, since then, Redding has only been in the top six (Assen SuperPole Race), but at that point there are only the other top ten.

According to SpeedWeek, the MGM team may have already been off the grid in Misano’s Emilia-Romagna round in June, as a result of financial difficulties.

The German publication reports that MGM’s 2025 season is funded by a combination of teams’ own funding from owner Michael Galinsky. Sponsorship from Bonobo, which was supposed to cover two-thirds of this season’s budget. And by Redding himself, who is reportedly already offering 72% of the season’s financial obligations despite only five out of 12 rounds being held in 2025.

SpeedWeek reported that he began to encounter financial difficulties from MGM in April, and Galinski spoke with Assen’s WorldSBK Executive Director Gregorio Labilla to discuss the outcome of a possible withdrawal from the championship.

See also  Wrap Esteban Ocon and Zandvoort

Additionally, the German team reportedly owes about 280,000 euros (£235,000) of debt with Ducati, and according to Speedweek, Ducati has extended the deadline to 60 days.

Additionally, if an external buyer wants a sponsor that has not been found to fill MGM’s current financial hole, he says it will take around 800,000 euros (670,000 pounds) to save the team this season.

You Might Also Like

2025 BRNO MOTO2 Official Test Results – Comprehensive Monday Recap

William Byron’s Fuel-Savvy Strategy Secures Victory in Cautious NASCAR Cup Clash at Iowa

F1 is unveiling a new sprint venue. Addressing an Indy 500 collision

How to watch the UK MotoGP qualifiers and sprint races today: Live stream here

Hamilton apologizes to Leclair after returning to Azerbaijan

TAGGED:anxietyFinancialFormula RacingRacingReddingsScottTeamWorldSBK
Share This Article
Facebook Twitter Copy Link
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

"Sensemational" Arsenal Star can help Gyoker reach Haaland numbers
Football

Erling Haaland reacts to his hat-trick against Israel on Instagram

Ryder Cup 2025: Why Bryson Deccanbeau stands as the US X-factor
Aidan Hutchinson, Fully Fit and Fired Up, Poised to Elevate the Lions in 2025: “I’m Exactly Where I Need to Be”
Moses Itauma’s Journey to Heavyweight Boxing Stardom Was Anything But Typical
Spurs are focusing on “one of the 10 bests in the world”
2025 MLB All-Star Game Shocker: Cubs’ Seiya Suzuki and Astros’ Flamber Valdes Among Notable Omissions from Official Roster

About US

Your trusted source for up-to-the-minute sports news, in-depth analysis, and expert coverage across the globe’s most exciting sports.

Facebook Twitter Youtube

Categories

  • Baseball
  • Basketball
  • Football
  • Golf
  • Racing
  • Tennis

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Subscribe US

Ex-UFC Lightweight Champ Asserts Justin Geshe Holds the Key to Surpassing Ilia Topuria’s Initial Defeat
End of the Era: Liverpool star decided to leave in 2026 after the iconic Anfield reign
Sebastian Fundora Dominates Rematch, Retains Junior Middleweight Title with Decisive TKO
© 2025 All Rights reserved | Powered by Sports Daily
Welcome Back!

Sign in to your account

Lost your password?