KTM: brawl between managers. Who is suing whom? And why?

With disaster increasingly imminent, those who had put in money of their own are trying to get it back. Such is the case with Zochling, who wants his overdue loan back. And Pierer sues him. Who is Zochling. How much had he really put in, and why? How and why is he blocking everything? Why instead of him suing Pierer, the opposite happens?

 

   

 

 

Here we are again: while the rest of the world realizes that the deadline is coming for KTM and they are fighting, only we - here on Misterhelmet - have been telling you since June 2024 that we've been telling you about it. This is the 23rd video on the subject. And not counting the live, and video on MV Agusta, because the fates of the two companies are now linked. Because MV Agusta, and we will talk about this later, still carries the aftermath of the ill-fated acquisition by the Austrians.

Today, however, the situation has exceeded all limits: Stefan Pierer, the boss of KTM, has sued Stephan Zöchling. Yes, that's right Zöchling, chairman of Pierer Mobility's supervisory board and a member of Pierer Industrie's board of directors. But who is he really? No one explains it to you, I already told you who Zochling was, in this video here from February 20:

The sites owned by Pierer, namely Speedweek which is a real houseorgan, and then to follow GPOne, through Wiesinger who was the director of Speedweek for years, were talking about a loan of several hundred million. Now it turns out to be 80 and that's it. It was already making people laugh in February, the idea that Remus would save KTM with a few hundred million when it was 800 million short at the time. Now we find out that he put up 80 and he wants to inc****e it and it's even funnier, so to speak. Because thousands of families are involved. 

That is, how it happened: Zöchling is the president of Remus, the muffler company that supplies car and motorcycle manufacturers, and who was a direct supplier to KTM for all the first exhaust system.

When KTM began to stagger, Zöchling said to himself: either I save it-and save my business too-or risk losing everything. So, in October 2024, he lends 80 million euros (not a few hundred) to Pierer Konzern Gesellschaft, in exchange for pledged shares of Pierer Industrie AG. Why? Because if KTM was saved, he was securing his future: a living customer, the gratitude of Pierer, maybe even the Austrian government. But if things had gone bad-at least he was taking home some shares, and watch out: Pierer Industrie is not only motorcycle, but also companies like Rosenbauer, the fire truck company bought in October when the situation was already desperate, and many others.

What about today? Things are bad. Very bad. In fact, they have been going bad for a year, only now you can't tell any more nonsense And so Zöchling does pretends to find out now that Pierer had not warned about Bajaj's right of first refusal so that he could ask for the money back from the overdue loan. An excuse, because, of Bajaj, everyone knew. But so now he claims the shares: either to sell them to Bajaj, or to break the game with BRP-Can Am (which, however, only wants technology assets, not shares), or - a more dangerous move - to try to scale Pierer Industrie himself..

And the amazing thing? That Pierer had put him there, on the board and as chairman of the supervisory body! He thought it was yet another puppet, but this time the puppet has come alive and is trying to fool him.

Meanwhile, the May 23 deadline, by which they need 600 million euros in order not to blow it all up. And while they bicker, the board is paralyzed because Zochling has significant clout on the board and the supervisory board.

And MotoGP? Increasingly hanging by a thread. 50 million euros a year to race, an unsustainable expense for a sinking company. So it wasn't even true that KTM racing was sustaining itself through sponsorship. Carmelo Ezpeleta knows this. And already there is talk in the paddock about who might take the 4 KTM seats on the grid .. Which then are 2, because 2 are Poncharal 's with Team Tech3, which if he wakes up tomorrow he can go with whoever he wants.

Pit Beirer. the man on Pierer's field, says they are looking for investors to save the MotoGP project, perhaps by making it semi-private. What that means, semi-private, no one knows. But who would get into such a venture, that is, saving a team that has no factory behind it? No one.

What about investors? Apollo? BlackRock? They were never really interested. Just names put there for show. It doesn't work that way.

I'll tell you another thing, mark it down: NO ONE IS THAT CRETENDED TO LEND MONEY TO A MORIBON. IT'S MUCH EASIER TO WAIT FOR HIM TO DIE AND TAKE EVERYTHING BY THE KILOGRAM. TECHNOLOGIES, GRID PLACES, ASSETS, EVERYTHING.

 

In fact BRP-the Can-Am Canadians-are watching from above, ready to take only what they really need: patents, technology, perhaps preparatory to the Rotax engines they already supply them with. Certainly not stocks. Assuming they are not yet another name dropped by Pierer as he has been doing for all things for months.

And here I come back to the key point, the most important concept: nothing has changed from a year ago. It's just that, in Pierer style, it was communicated little by little, so as not to collapse everything right away. But this was the reality for months. If you look at the contents of Misterhelmet, or even just the stock on the stock exchange, you will see that this was already the case. Just the same as it is now.

We are now approaching the Silverstoneweekend , May 22-25.. Mark these dates, because there may come the announcement that closes an era. Just as everyone is on the track.

So guys, stay here on Misterhelmet, because -if you want to know what's really going on, we've been telling it here for almost a year. Other people are getting it told a little bit at a time from Pierer 's sites and writing under dictation. I'm sorry, but that's the way it is. Prove me otherwise.

Misterhelmet