Seventy percent of ownership in TTXGP is being turned over to participating teams in a move designed not only to encourage new entries in the international electric motorcycle racing series, but also to give those teams a controlling interest in their sport. This will give participants a stake in the series’ profits and also a say in its governance. You won’t be able to buy into the TTXGP Trust, you have to race to join and shares in the trust won’t be sold, they’ll be given away to teams based on the number of races they complete and their points standing. Such a trust is unprecedented in motorsports, radically blurring the lines between participation and ownership.
We’ll bring you more analysis shortly, in the meantime, check it out for yourself at Trust.eGrandprix.org.