F1 News: Rival motor series 'close' to being purchased by F1 owners in £3.5 billion deal

F1 Off the Track

Rival motor series 'close' to being purchased by F1 owners in £3.5 billion deal

The deal is reportedly edging closer to completion

Originally written by Sam Cook. This version is a translation.

Saturday 30 March 2024 02:00

A multi-billion pound deal put forward by Formula 1's owners Liberty Media is 'close' to being completed, according to reports.

It was revealed earlier this month that the American mass media company were looking to expand their portfolio, with one particular motorsport series catching their eye.

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They have pioneered the success of Drive to Survive, a North American expansion and rapid worldwide growth for F1, and may be looking to do the same thing with a two-wheeled sport.

MotoGP has also been the subject of huge growth in recent times, and it has been discussed the idea of a race weekend in which both motorbikes and F1 cars race around the same circuit.

MotoGP could be next in Liberty Media's portfolio

Liberty Media MotoGP deal 'close'

They say that buying MotoGP would give Liberty Media, led by chief executive Greg Maffei, the chance to prove that its success in growing the popularity of F1 was not a one-off.

MotoGP heads to the US next month for the third race of their 2024 season, and it could provide a perfect opportunity for the proposed new owners to make a statement and be present at the Circuit of the Americas.

Formula 1 Drive to Survive Liberty Media MotoGP