P1racenews AI automatic summary:
F1 owner Liberty Media takes over MotoGP in $4bn deal with Dorna
Liberty Media, the American entertainment company that acquired the rights to Formula 1 in 2016, will pay approximately 4.2 billion euros to acquire Dorna, the owner of MotoGP since 1992, as well as WorldSBK and the MotoE World Cup. This acquisition will give Liberty Media an 86% stake in MotoGP, with the rest being retained by MotoGP management. The deal, which includes a mix of cash, stock, and equity considerations, is anticipated to be completed by the end of the year, pending regulatory clearances. Liberty Media’s President and CEO, Greg Maffei, expressed excitement about expanding their portfolio with MotoGP, highlighting its global appeal and financial potential. While the European Commission’s involvement has delayed the deal’s confirmation, both parties are eager to finalize the agreement and tap into the growth opportunities in the motorsport industry.
