Owner of F1, Liberty Media buys part of MotoGP, a motorbike

Owner of F1, Liberty Media buys part of MotoGP, a motorbike
Owner of F1, Liberty Media buys part of MotoGP, a motorbike
-

The American group Liberty Mediaowner of the commercial rights of Formula 1announced this Monday, the 1st, the purchase of 86% of Dorna Sports, owner of MotoGP. Equivalent to the F1 of motorcycles, the category features races with maximum speeds above 360 ​​kilometers per hour and inclination angles greater than 60 degrees.

Since the first season in 1949, which featured six stages across Europe, the circuit has grown significantly and will host 21 races in 17 countries in the 2024 season. Brazil is off the calendar, but the races are broadcast on the subscription channel ESPN and Star+ streaming.

According to an official statement, the operation is based on a market value of the main motorcycle category worldwide valued at 4.2 billion euros or 22.7 billion reais, while the equity value is estimated at 3.5 billion euros or 18.9 billion reais. The remaining 14% of Dorna, a company based in Madrid, Spain, will remain with the current owners, and CEO Carmelo Ezpeleta, in office since 1994, will continue in his role.

What do those involved say?

“We are excited to expand our portfolio of live sports and entertainment assets with the acquisition of MotoGP,” said Greg Maffei, president and CEO of Liberty Media, which has been able to grow F1’s audience in recent years. “MotoGP is a global championship with a loyal and enthusiastic fan base, captivating races and a highly cash-flow generating financial profile. Carmelo and his team have built a great sporting spectacle that we can expand to a wider global audience.”

Continues after advertising

Ezpeleta, in turn, stated that the sale to Liberty Media is “the perfect next step in the evolution” of the motorcycle category. “Liberty Media has an incredible track record in developing sports assets, and we couldn’t ask for a better partner to expand the MotoGP fan base around the world,” he highlighted.

The transaction is expected to be completed by the end of 2024 and is still subject to approval by competition authorities in several jurisdictions. In addition to MotoGP, Dorna also holds the commercial and television rights to Moto2, Moto3, MotoE, the Superbike World Championship and the first women’s motorcycle world championship.

The article is in Portuguese

Tags: Owner Liberty Media buys part MotoGP motorbike

-

-

PREV ‘Very bad’ < On Attack
NEXT Back in MotoGP, Brivio explains how he will take advantage of his F1 experience