P1racenews AI automatic summary:
Liberty Media has reached an agreement to take over the commercial rights to the MotoGP series, adding it to its ownership of Formula 1 within its racing portfolio. The global motorcycle racing ser…
Liberty Media has agreed to acquire the commercial rights to the MotoGP series, along with its ownership of Formula 1, solidifying its place in the racing world. The deal, valued at $4.5 billion, will see Liberty owning 86 percent of MotoGP while the current management retains 14 percent. This move will integrate MotoGP into Liberty’s Formula One Group tracking stock, expanding its live sports and entertainment assets. CEO Carmelo Ezpeleta will continue to lead MotoGP under Liberty, aiming to grow the sport’s global audience and financial success. The acquisition is expected to be finalized by the end of 2024, pending regulatory approvals, marking another milestone in Liberty’s sports asset development.
