Confirming what had long been a suspicion in the Grand Prix paddock, the Sepang International Circuit (SIC) is set to field a MotoGP team with Yamaha YZR-M1 machinery.

Signing a memorandum of understanding with the Yamaha Motor Company, the Sepang circuit will race for at least the next three seasons (2019, 2020, & 2021), filling the satellite team role once held by the Tech3 racing team.

Taking over the grid entries from the Angel Nieto Racing Team, the Sepang circuit has also announced that its team will take on Jorge “Aspar” Martinez as the team’s “Sporting Advisor” for the 2019 season.

With still only a thimble of information being released, we can expect more information to come to light at the next MotoGP round, which is the German GP on July 15th.

Another weekend, another racetrack, but exactly the same story. We all gathered once again to hear what Dani Pedrosa had to say about his future, and once again, Pedrosa had nothing to say.

“I know there are a lot of people waiting and wanting to know some information, but unfortunately not yet,” Pedrosa told the pre-event press conference.

“I can’t give any different news from what I already in Barcelona. I expect to, but still things are going slow, so we don’t know at this moment exactly. Sooner or later I will have something to say!”

Once bitten, twice shy, the media were a little more prepared this Thursday. Dorna had put Dani Pedrosa into the press conference, a little safer situation than the masses crowded into the HRC hospitality at Barcelona.

We were acting on a little more information as well: journalists have been talking to a range of sources since Barcelona, and so there is a much better sense of where we stand on the Petronas-Yamaha story, as I explained on Tuesday.

There was some hope Pedrosa might announce something, but a realistic expectation he would not. So the disappointment when the Repsol Honda rider told there was still no news on his future was much more limited at Assen than it had been at Montmeló.

Where do we stand? Sepang International Circuit boss Razlan Razali is at Assen this weekend, but unavailable for reporters, as he is in wall-to-wall meetings finalizing various details.

That suggests that the deal is basically done, and he is now going through the laborious business of tying up loose ends. There is a lot of work to be done to get a MotoGP team off the ground from scratch.

The team will consist of Dani Pedrosa and Franco Morbidelli, though Pedrosa has still not put pen to paper on a deal. In theory, Pedrosa could still choose to retire, but he is not talking like a man on the verge of hanging up his helmet.

Pedrosa still has the fire, the only question is sorting out how much he is willing to settle for at the Petronas Yamaha team. The bike will be a full factory Yamaha, possibly an update or two behind the Movistar Yamaha team, but still highly competitive.

From time to time, the media gets hoist by its own petard. A story comes along which everyone picks up and runs with, pushed to ever more dizzying heights of breathless commentary; what ifs, maybes, and wild speculation.

Professional sports are soap opera for men, as the great darts promoter Barry Hearn once said, and the logical corollary of that is that sports media extrapolate throwaway comments and a handful of facts into vast sweeping narratives.

Thus it was that what looked like the entire MotoGP media contingent packed into Honda’s hospitality unit to hear what Dani Pedrosa had to say during his media debrief. It was both genuinely impressive and actually quite frightening.

Secrets are hard to keep in the MotoGP paddock. When it comes to contracts, usually someone around a rider or team has let something slip to a friendly journalist – more often than not, the manager of another rider who was hoping to get a particular seat, but lost out. It is not often that real bombshells drop in MotoGP.

So the report by Italian sports daily La Gazzetta dello Sport that Repsol Honda were in talks to sign Jorge Lorenzo came as a huge shock.

The assumptions that almost everyone in the paddock had been making – that Lorenzo would be riding a full factory Yamaha M1 in a Petronas-funded satellite team operated by the Sepang International circuit – turned out to have been nothing more than a useful smokescreen.

Instead, Lorenzo has signed a two-year deal with HRC to partner Marc Márquez. The announcement was originally due at Barcelona, but the publication by La Gazzetta forced Honda to make a hasty and brief announcement..

The Petronas rumors had plenty of fire to provide the smoke. In an interview with Crash.net, Sepang International Circuit CEO Dato’ Razlan Razali openly discussed the possibility of running Yamahas with Lorenzo and Franco Morbidelli.

Everyone I spoke to – including other team managers, rider managers, riders, journalists – believed that Jorge Lorenzo would be riding a Yamaha in 2019.

Usually we have to wait until Friday for the action to hot up at Mugello, but there was an almost hysterical vibe at the Italian circuit on Thursday.

We appear to have entered what can only be described as peak Silly Season, with the rumblings of a series of rider and bike changes likely to explode into the public consciousness between now and Barcelona.

By the time the MotoGP test finishes on the Monday after Barcelona, we should know where Andrea Iannone, Jorge Lorenzo, and Joan Mir are riding, and have a solid clue as to what Franco Morbidelli, Dani Pedrosa, Danilo Petrucci, and Jack Miller will be doing in 2019. It’s going to be hectic.

The story that surrounds Petronas and its ill-fated Petronas FP1 World Superbike project is one full of intrigue, and was seemingly put to bed long ago when the Malaysian oil giant folded its motorcycle business and racing plans in 2006.

The story was brought back to life though when a bunker full of Petronas FP1 street bikes was discovered in the UK. The bikes have their own intriguing story of how the Malays did, or did not, “bend” the homologation rules for WSBK, and how the machines then found their way to be forgotten in a bunker in Essex.

With that discovery, new life was spurred into the Petronas FP1, whose fire-breathing three-cylinder engine and powder blue paint scheme has tantalized the fancy of collectors worldwide for some time now.

This gave birth to the Momoto MM1 project, an outfit that bought the 129 derelict Petronas bikes, and rebranded them for sale just last year. That venture has hit a snag though, as taxes and duties for a vast majority of the machines were apparently not paid, which resulted in the Malaysian government seizing all 129 motorcycles, which in-turn has lead to a recent lawsuit for RM260 million ($83 million USD).

Photo: HRC

Remember the Petronas FP1? Sure you do. It was the fire-breathing three-cylinder rolling piece of sex-on-wheels whose teal livery rode to the podium twice in the 2004 World Superbike Championship.

Though the 900cc triple was campaigned by Carl Fogarty and ridden by Troy Corser with some early success, the move to 1,000cc for all motors in WSBK diminished the team’s chance of winning with its homologation special. Spearheaded by the Malaysian petroleum company Petronas, the project was ultimately abandoned in 2006.

Said to have built 150 units to meet homologation requirements (100 of which were available for purchase), the actuality of that number varies depending on whether or not you believe the rumors about shipping containers from England to Malaysia and double-counting.

With the project scrapped long ago, it seemed the Petronas FP1 dream was resting six-feet-under, until now. Rebranded under the name Momoto, the Momoto MM1 is the Petronas FP1 in new clothing. Said to be once again available for public consumption, our details and information on the bike are sadly very sparse. Though we do have a bevy of media waiting for you after the jump. Thanks for the tip Zaini!

When Yamaha’s MotoGP team lost its sponsorship from Petronas, it seemed like the buzzards had begun circling around the Japanese company’s racing efforts. Thankfully for GP racing fans, our friends at MotoMatters got word that Petronas’ departure was making way for a new sponsor, JX Nippon Oil & Energy Corporation.

Now formally announcing that JX Nippon Oil will sponsor Yamaha Racing’s factory MotoGP squad, our pre-season attention can now shift to see if Jorge Lorenzo and Ben Spies will have some new livery on display when Yamaha makes its formal 2012 team unveiling…oh, and how fast the 2012 Yamaha YZR-M1 will be against the factory Ducati Desmosedici GP12 and Honda RC213V. Something mildly related to all this is after the jump.

Last week we got news that Yamaha Racing and Petronas were concluding their three-year collaboration in MotoGP, as the Malaysian oil company’s contract with Yamaha came to an end, and was not to be renewed. Following Yamaha’s abysmal ability to keep or gain sponsorships for its racing efforts lately, the initial reaction to the news of Petronas’ departure was very grave in the MotoGP paddock. However, our friends at MotoMatters have confirmed that Yamaha will be replacing Petronas (not the Harry Potter spell, thanks irks) with Nippon Oil subsidiary brand ENEOS.