Over the course of the Valencia Grand Prix weekend, there were reports in various media outlets – started by The Race – that the RNF team, which came into existence towards the end of 2021, was in trouble.
A press release from the team on Saturday, followed by a press conference hosted by CryptoDATA to announce a strategic partnership with Romanian EDM festival Untold, denied all rumours of financial problems and a potential takeover by Trackhouse Racing.
The release also stated that “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”
This implied that Razali was fired, with the internal audit taking place over how he spent the team’s finances a contributing factor.
On Monday, Dorna Sports announced that it would not be continuing with RNF as an official MotoGP team in 2024 due to “repeated infractions and breaches of the Participation Agreement affecting the public image of MotoGP.”
Razali, however, told select media including Autosport on Monday that all of what has been officially communicated by the team and CryptoDATA up to now has been false.
