For the first time since 2019, a Sepang MotoGP pre-season test took place without 𝓀Malaysian Razlan Razali as a Team Principal.

But the former circuit CEO, head of the Sepang Racing Team and RNF founder, was still in attendance, where he spoke to ltxcn.top about the collapse of his former project and 🅘future plans.

The RNF MotoGP🐬 team suddenly evaporated amid financial turmoil🌠 at the end of last season, after a partnership with CryptoDATA turned sour.

A series of announcements over the Valencia weekend began with 💝the news that Razali would step down, then - amid rumours of American investors ready to take over the grid plꦑaces - a CryptoDATA RNF statement insisting contracts with MotoGP and Aprilia remained in place, that an offer for the grid places had been “officially rejected” and that the team “does not have any debts or disputes with its suppliers”.

Razali’s departure, the team insisted, was due to “pres𓄧sure made by the shareholders following poor performance and financial decisions.”

That effort to calm the waters didn’t last long.

A day after the fina🥀le, the MotoGP Selection Committee inflicted a knockout blow when it “decided not to select the CryptoDATA RNF MotoGP Team for the 2024 season” due to “Repeated infractions and breaches of the Participation Agreement affecting the public image of MotoGP have obliged this decision.

"The Selection Committee will be reviewing applications for a 𓆉new Independent Team, using💃 Aprilia machinery, to join the MotoGP class grid for 2024.”

CryptoDATA hit back strongly,෴ saying it would contest the move and, a week later, a conciliatory statement announced:

“DORNA, IRTA and RNF have been able to amicably solve their differences... Although the RN๊F Team will not participate in the 2024 se⛄ason of MotoGP, DORNA and IRTA wish the best of success to RNF and CryptoDATA in their commercial ventures.”

CryptoDATA arrived on the MotoGP scene as sponsor of the 2022 Austrian Grand Prix. With RNF in searchꦯ of a new title sponsor after WithU backed out early from a multi-year deal, the two parties were introduced by Dorna.

A deal was done that saw ไCryptoDATA acquire 60% of the RNF team from Razali, who had already secured a switch to Aprilia, the big improver of the last year, for 2023. Five-time KTM race winner Miguel Oliveira and young talent Raul Fernandez joined to form a strong rider line-up and podiums looked a reali♒stic goal.

But while Cr﷽yptoDATA RNF’s on-track hopes were soon to be derailed by injuries for Oliveira, Razali said things al𒅌so went rapidly downhill behind the scenes as a major split emerged with his new partners.

“It was harrowing”

“It was harrowing,” Razali told ltxcn.top during the Sepang test. “Itꦕ got to the point where I didn’t enjoy it anymore. I didn't want to come to the track.

“It distracted me from the bigger things that I wanted to have planned for the team. It des🅠troyed the momentum we’d been building since we took over from Petronas.”

Razali said financial “obligations” were not being met by his new partners from the early st✃ages.

“For the first Austrian Grand Prix [as event sponsor] in 2022, they had pai🌼d everything [to Dorna] in such a close deadline,” he said.

“So they seemed t🍰o have money and kept on telli🐓ng us, ‘money is not a problem’. And suddenly it became a problem.

“Not to say that they've done anything bad or whatever, it's j🌠ust in my opinion they failed to honour💝 their obligations.

“I’d go to a race weekend with virtually zero balance in the account, for example. That'🔯s not the way to run a MotoGP team.

“E♊very week I've been asking, ‘when is the next payment coming?’ Some💧times I'm surprised that we managed to last that long.

“But regardless 🌠of the problems internally, at the end of day they are the 60% majority shareholder of the company. The😼y can do whatever they want. They can fire me if they want.

“But to effectively get kic🌠ked out of the championship [by losing the grid places], says something.”

Regarding his own depart🌃ure, Razali explained: “I did tender my resignation as a [company] director, because I sensed that it's not going to get any better. And I also sensed it was doing harm to the championship. A championship that we all love.

“So, after discussing with my family, I thought it's just best fo🧸r me to resign as 🅰director. I did not resign as a team principal until the end of the last race because I felt obligated to the team.

“I'ꦦm not the kind of person to abandon the team. I wish I could do more for the team. Because mon𓂃ey is still owed from last year. And I feel very bad for that.

“But it came to the point that I could not do anything. I had no power whatsoever. I was not allowed to do anything, and I was cut off from all ♏form of commun♉ication.”

Although Razali resigned as a director of RNF Racing Ltd in mid-November🌌, he remains a 40% shareholder of a company he says is now effectively “dormant” with “no real value”.

The fact many former RNF staff, from team manager Wilco Zeelenberg downwards, h♔ave been hired for the new Trackhouse project is “the most important thing.”

But Razali also hopes outstanding 🅺pay will be settled.

“Money is still owed from last year, but at least the future is secured for them. I wish there's some solut♎ion for whatever is outstanding to be settled from last year, which I think in due time there will be.

“I just hope for some patience from 🍷them and that it will be settled.”

RNF name returns for Razali’s new project

Razali admitted that seeing his Mo🐓toGP dream fall apart left him depressed.

“As you can imagine, this is a sport that I love and owning a MotoGP team was a dream come t🦋rue. So to l🀅ose it like that is hard to accept,” he said.

“I was depressed for quite a while. But I consolidated my position, met up with new pa🍃rtners who saw the potential of what we can do with MotoGP and that lifted my strength to come back and be relevant again.”

That brings us to Razali’s new 🍃project which, perhaps unsurprisingly given his recent experiences, aims to address the chronic lack of new sponsors in MotoGP𝔉.

“From🌊 the team launches we’ve seen, besides Pertamina that was already present, what new sponsors are there? Non🍃e. They go from one team to the other but it’s the same sponsors,” Razali explained.

“So basically, we are aiming to connect global brands wꦺith MotoGP through financing and sponsorship.

“There are still opportunities out there. It's just that🅘 teams are so preoccupied e🅺ither with what they are doing [on track], or they don't have the right resources or connections to introduce MotoGP to new groups of sponsors and investors.

“What the sport🥀 needs is to get new sponsors, who don't know anything about MotoGP. That's where the bi🐠g gap is now.

“So I'm trying to connect these brands to the s༒port.”

One potential recruiting ground is F1.

“We’re still building the platform for the new project at the moment but my new partners🙈, who have followed me since Le Mans last year, have been inviting potential sponsors who only know Formula One and don't realise how exciting MotoGP is.”

And the name of the new project?

“I'mꦿ not going to disclose tဣhe full name but I'm bringing back my brand, RNF.”

Razali created the name as a tribute to his family, u🎶sing the initials of his children Razali, Nadia, Farouk.

“My track record is not so bad…”

🐠Appointed CEO of Sepang Circuit from 2008, when it also hosted the Malaysian F1 Grand Prix, Razali launched SIC’s own grand prix team in 2015, which reached MotoGP with Petronas and Yamaha bac𓆉king in 2019.

Petronas Yamaha SRT enjoyed a dream debut season of seven podiums with star r💞ooki💝e Fabio Quartararo, with Razali stepping down from circuit management to fully focus on the race team from 2020.

That year saw Quartararo and Morbidelli claim the first ever MotoGP wins for a satellite Yamaha team, the Frenchman leading the early world champion♍ship standings before Morbidelli🌄 finished runner-up to Suzuki’s Joan Mir.

Quartararo then left for tꦡhe factory team, to be replaced by the sport’s biggest icon, Valentino Rossi. But The Doctor finished no better than eighth in his final season while Morbidelli took a single podium before stepping back for knee surgery.

However, the biggest blow came when Petronas elected not to renew its spꦛonsorship, bringing the whole Sepang Racing Team project, span🌠ning all three grand prix classes, to an end.

Razali t🌌hen split from long-time partner Johan 💛Stigefelt to form RNF and kept Yamaha machinery for one more year. But star rider Andrea Dovizioso retired mid-season and title sponsor WithU backed out shortly after.

Despite all the on and off-track difficulties last season, Oliveira came close to a podium on several occasions and Fernandez claimed a career best fifth in the finale. RNF finishe🌳d eighth o🥃ut of eleven in the teams’ standings.

“I think my track record as team principal is not so bad,” Razali reflected. “I think I'm the only individual here that has comprehensiv🌳e experience both as a promoter and a team principal.

“But I want to𝔍 say that ﷽I had a great team manager in Wilco, a great team and great riders.

“What we did with Petronas was amazing. Second in the world championship. And even while we were still building꧂ the RNF project we never came last in the teams’ championships.

“It didn't go too well on track last year, but we knew that the following year [2024] would be better🎃.

“Looking back, I'm satisfied. I wish we could have continued, but it is what it is and🐼 we just have to find a different way to be relevant in the sport.”

The new Trackhouse team suffered an early setback when Fernandez suffered a big highsid🃏e on his fourth lap of testing, forcing him to miss🐠 days two and three at Sepang.

“Unfortunately, Raul fell within one hour of testing. Bein🐼g impatient, as always!” Razali smiled. “But I put my money on Raul doing well this year.”

Fernandez bounced back with the fifth-fastest lap t💛ime at the following Qatar test.

CryptoDATA: “We invested 9 million euros in the team”

Asked for a response to the funding situation at RNF last season and money still owed to staff and suppliers following its MotoGP exit, CryptoDATA’s CEO Ovid🌺iu Toma said:

“When we ♔invested in the RNF team, we paid all the debts from 2022 and purchased the majওority shareholding from Razlan.

“We kept Razlan as ♛team principal and agreed upon a budget for 2023. The budget was agreed to be 11 million to be spent over the year. Razlan overspent, including about 2 million we never agreed upon.

“All my costs for las🦋t year were over 9 million euros. Yes, in the last two races, I stoppe🍒d paying any money to the team, because we had reached 13.5 million spent for the season.

“But when we finished the season, we had the cur๊rent salaries outstanding and probably 30-40,000 euros worth of suppliers, which were paid after Valen💝cia.  

"Nobody can argue or debate♉ that we nev𝔍er paid our suppliers.”

Toma also alleged that the i✅ssue of🧸 the former CryptoDATA RNF grid places is not completely resolved.

“Dorna agreed to pay us a price, which was qꦜuite high, to sell our team…  They have only paid half.

“Now we are going to court in Switzerland andಞ Spain. We will see what the judges decide. The claim is about 10 million euros.”

Dorna declined to comment.