KUALA LUMPUR – CryptoDATA RNF confirmed the departure of team principal Datuk Razlan Razali amid speculation the team is burdened with debts.
Yesterday, Razlan made an Instagram post, where in the caption he hinted at his departure from the team he had bought after Petronas pulled their backing from the Sepang Racing Team.
Early this morning, CryptoDATA RNF released a statement to answer recent speculation surrounding the team in the media – including the decision to oust Razlan from its management.
“The decision for Razlan Razali not to be part of the RNF Team management was not only from yesterday, but was taken more than one month ago, due the pressure made by the shareholders following poor performance and financial decisions.
“However, the RNF Team is still owned 60% by CDT Sports and Media SRL and 40% by Razlan.
“This team has a contract to participate in the MotoGP Championships until 2026 which was assigned from Sepang Racing Team.
“This contract has very clear terms and conditions and until now we have not even been notified about a breach of a contractual obligation. Even more, we did not receive a termination notice of this contract,” read the statement.
The team also explained that they have a valid contract with bike suppliers Aprilia and have not received any notice of termination.
“The speculations with respect to the quality of the parts for motorcycles provided by Aprilia due to alleged debts are false.
“There are no debts towards Aprilia and all amounts are settled since earlier this year,” it added.
However, the team confirmed that it had received an offer to buy their place on the MotoGP grid.
“This offer was rejected officially more than two weeks ago and since then no other negotiation was initiated.
“The CryptoDATA RNF MotoGP Team does not have any debts or disputes with its suppliers and all the activity is carried out according to the business plan and according to the contractual terms with the suppliers.” – November 26, 2023