Honestly, I don't know how we got here. Perhaps when all is said and done, we'll dive into the who, what, why, and how of the whole KTM saga, but we're still deep in it at the time of writing. New information, new releases, and new news is coming at us like a firehose, though not like those presently in Los Angeles.
And all of the news is either confusing as hell—the brand's CEO and Co-CEO switching titles for some unknown reason—or painting a further picture of doom and gloom. The latter is the topic of today, as AKV Europe, the lawyers handling KTM's self-imposed insolvency proceedings, have filed new paperwork detailing just how much the company's creditors want. And, oh boy, are they doozies of numbers.
How's $2.5 billion sound? Worse yet, in AKV's statements about the proceedings, the group states this number is likely to grow as claims are still being filed, both by creditors and employees. Ouch.
