Schu becomes kart team owner

(GMM) Retired seven time world champion Michael Schumacher is now a team owner — of a go-kart outfit.

The 38-year-old German, who in 2007 has attended several grands prix as a Ferrari 'advisor', has now returned to his roots to bring on the next generation of driving talent.

Schumacher has bought a share in long-time friend Peter Kaiser's kart team, which is based near his and younger brother Ralf's birthplace, Kerpen.

'KSM Official Racing Team' takes its name from the initials of the owners; together with Kaiser and Schumacher, whose equal shareholding takes effect on 1 January next year, is Thomas Muchow.

"I have never lost my love for kart racing," said Schumacher, whose main role will be the development of young talent.