F1 owners CONFIRM massive £3.5bn acquisition
F1 owners CONFIRM massive £3.5bn acquisition
Formula 1 owners Liberty Media have confirmed their acquisition of motorbike racing series MotoGP via Dorna, valuing the company at €4.2bn (approximately £3.6bn).
The deal is likely to finally go through before the end of the year, subject to various legal approvals.
READ MORE: Wolff confirms Verstappen NUMBER ONE target for vacant Mercedes seat
Liberty will take on 86% of the company, leaving MotoGP management with 14% of the company when the deal has been finalised.
It's unclear at this point whether Liberty are planning to use their new sport to tie into Formula 1 and create a closer link between two-wheel and four-wheel racing as they move forward.
READ MORE: Mercedes confirm SPECIAL return
Liberty president: We intend to grow MotoGP
Greg Maffei, Liberty Media President and CEO said: “We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP. MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile.
"Carmelo and his management team have built a great sporting spectacle that we can expand to a wider global audience. The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders.”
Carmelo Ezpeleta, CEO of Dorna, added: “This is the perfect next step in the evolution of MotoGP, and we are excited for what this milestone brings to Dorna, the MotoGP paddock and racing fans.
"We are proud of the global sport we’ve grown, and this transaction is a testament to the value of the sport today and its growth potential. Liberty has an incredible track record in developing sports assets and we could not wish for a better partner to expand MotoGP’s fanbase around the world."
READ MORE: Mercedes F1 star will 'MISS' Japanese Grand Prix
Related
Change your timezone:
Latest News
McLaren star DROPPED following serious injury
- 45 minutes ago
F1 legend confident about Newey to Ferrari
- 1 hour ago
F1 rivals' UPGRADES provide Red Bull title charge doubt
- 2 hours ago
Max Verstappen's preferred Red Bull team-mate REVEALED by F1 pundit
- 3 hours ago
F1 News Today: McLaren boss keen for stunning REUNION as Horner BLAMED for Newey nightmare
- Today 16:07
F1 Miami Grand Prix weather forecast - latest today
- Today 14:57
Related news
Major F1 acquisition to be announced 'next week' as new details emerge on £3.5 billion splurge
F1 owners ‘close’ to stunning £3.5 BILLION takeover of motorsport rival
Liberty Media targets '£3.5 BILLION' motorsport investment
Burden worth BILLIONS - Is F1 becoming a Liberty Media liability?
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860