P1racenews AI automatic summary:
Dorna Sports has officially announced that Formula 1 owner Liberty Media has finalised its purchase of the MotoGP parent company.
The $4 billion deal to acquire Dorna Sports gives Liberty commercial control over MotoGP and World Superbikes by taking 86% of the shares of the Spanish company, leaving 14% with MotoGP management. The agreement ensures Dorna remains independently run under the Liberty banner with Carmelo Ezpeleta staying on as CEO. Despite initial plans to finalize the deal before the 2024 Qatar race, concerns about regulatory scrutiny have slowed the process. Liberty’s President and CEO, Greg Maffei, expressed excitement over the acquisition, highlighting MotoGP’s global appeal and financial strength. Carmelo Ezpeleta also welcomed the partnership, emphasizing the growth potential for MotoGP and the value it brings to fans. With Liberty’s successful track record in Formula 1 ownership, the future of MotoGP, WorldSBK, and MotoE looks promising as they aim to replicate that success.
