MotoGP will join F1

MotoGP will join F1

Already the owner of the commercial rights to Formula 1 since 2017, the American group Liberty Media has officially announced its intention to buy 86% of the capital of Dorna Sports, in charge of organizing MotoGP.

Formula 1 and MotoGP will indeed make common cause. A little less than 20 years after the decision of the European Commission which forced the Luxembourg investment fund CVC Capital Partners to separate from the motorcycle world championship to seize that of single-seaters, Liberty Media has put an end to several days of rumors. The American group, holder of the commercial rights to Formula 1 since 2017, has officially confirmed his intention to take control of Dorna Sports, the organizing company of MotoGP and Superbike.

“We are excited to expand our portfolio of premier live sports and entertainment assets with the acquisition of MotoGP,” Greg Maffei, CEO of Liberty Media, said in a statement. MotoGP is a global league with loyal and enthusiastic fans, captivating racing and a highly cash flow generating financial profile. »

Ezpeleta: “The perfect next step in the evolution of MotoGP”

While this acquisition must still obtain the approval of the competent authorities, which is expected before the end of 2024, Liberty Media will seize 86% of the capital of Dorna Sportspreviously held by the American investment fund Bridgepoint and the Canada Pension Plan Investment Board (CPPIB). The amount of the operation is estimated at 4.2 billion euros. The rest of the shares will remain in the hands of Carmelo Ezpeleta and several other leaders of the motorcycle world championship. Dorna Sports, which will then be linked to FOM, will remain based in Madrid.

« This is the perfect next step in the evolution of MotoGP and we can’t wait to see what this stage will bring to Dorna, the MotoGP paddock and the racing fans, said the Spanish leader in a press release. We are proud of the sport that we have developed internationally, and this transaction demonstrates the value of the sport today and its growth potential. »

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