No drama at face value. I’m not sure what ‘cut free’ means in financial terms or whether there any planned future investment will no longer materialise. The message seems to be very much ‘nothing to see here’ which is unlikely to be the full story.
Another chapter in the MV ownership book closes. I’ve never known another brand be owned by so many different companies. Makes Aston Martin look virginal…!
I read somewhere that KTM’s problems were largely due to making too many acquisitions. So I guess administration is putting that right. 
Personally I would guess quality control is also a significant factor.
I assume they have dumped it because it’s loss making. This will mean having to write off the investment, but I suppose that doesn’t matter as KTM is already effectively bankrupt.
It does seem odd though, as the investment in MV must have some value and normally an administrator would want to realise maximum value from the ‘investments’ to get the best possible outcome for the unfortunate creditors. Clearly that isn’t how it works under Self Administration in Austria where the same people who led it into bankruptcy are allowed to oversee its restructure! Bizarre.
I’ve never owned a KTM on the basis that they’re hideous, but in future I wouldn’t touch one with a barge pole regardless of how they look after this episode. If KTM had failed and been resurrected under entirely new ownership (like Norton and so many others) then that would be a different matter.
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I wouldn’t touch them solely because of their sharp practice when it comes to the optional extras on your new bike that you only rent, not buy.
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