P1racenews AI automatic summary:
F1 owner Liberty Media has acquired 86% of MotoGP’s parent company Dorna.
CEO of F1 owner Liberty Media Greg Maffei stated that MotoGP is a “perfect fit” for the company following their 86% takeover of MotoGP’s parent company Dorna. The transaction, announced recently, aims to be finalized by the end of 2024, giving Liberty Media full control over both two-wheeled and four-wheeled motorsport. Maffei sees MotoGP as a “premium opportunity” that aligns with Liberty Media’s business strategy of investing in scaled businesses with attractive premium intellectual property. Despite Liberty Media’s success in F1, negotiations for MotoGP will be separate due to regulatory issues and competition rules with F1 teams and partners. Maffei is optimistic about the global growth potential for MotoGP and believes that Liberty Media has necessary insights to expand the sport’s reach beyond its current strongholds. Subscribe to their YouTube channel for a chance to win Red Bull or Ferrari merchandise!
