P1racenews AI automatic summary:
Liberty CEO Greg Maffei has revealed that seven-time Formula 1 champion Lewis Hamilton is interested in purchasing a MotoGP team. It was announced in April that Liberty Media would purchase an 86% stake in Dorna Sports, the company that owns MotoGP, WorldSBK and other two-wheeled racing endeavours. The value proposition was agreed at $4.2billion, but […]
In April, Liberty Media announced the purchase of an 86% stake in Dorna Sports, the company that owns MotoGP and WorldSBK, for $4.2 billion. Despite the majority ownership, Dorna will continue to run MotoGP with its 14% stake. Liberty Media’s previous acquisition of Formula 1 in 2016 has brought significant growth to the sport, attracting new fans and interest globally. The acquisition has sparked interest from individuals like Lewis Hamilton and major distributors who see potential in the two-wheeled racing industry. Liberty Media aims to replicate the success of Formula 1 in expanding the MotoGP fanbase, particularly in the United States, by highlighting the thrilling and competitive nature of the sport. Notable steps have already been taken to strengthen MotoGP’s presence in the US, indicating a promising future under Liberty’s ownership.
