It is official. Liberty Media is set to acquire MotoGP by year-end 2024 from Dorna.
As we reported earlier, Liberty Media who currently owns Formula 1 (F1) will pay €4.2 billion (RM21.34 billion) for the acquisition. However, the deal is not a complete takeover but rather only 86% of Dorna, while the balance 14% remains with Dorna.
Dorna Sport S.L. currently holds the television rights to the premier MotoGP championship as well as the World Superbike Championship (WSBK). They are also involved in the managment and marketing of several other motorcycle championships including the Spanish Road Racing Championship (CEV), British Superbike Championship (BSB), the Trials World Championships (Indoor and Outdoor).
This stunning development will unit the world’s premier two-wheel motorsport series with the world’s best four-wheel series.
There is no shake up in Dorna’s management at this moment as it was announced that Dorna will remain as an independently operated company. As such, Carmelo Ezpeleta will remain the Dorna CEO, and his his team will continue to run the business from Madrid, Spain. Apart from that, Dorna will be part of Liberty Media’s Formula One Group tracking stock.
“We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP,” said Greg Maffei, Liberty Media President and CEO. “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 deal will be completed by the end of 2024 and is subject to the receipt of clearances and approvals by competition and foreign investment law authorities in various jurisdictions. This is why Liberty Media did not acquire 100% of Dorna’s interest in MotoGP, so as to not send up a red flag for anti-competition regulators.
Of course, the news has attracted no shortage of comments from netizens, albeit the majority being negative. The most obvious theme is the fear of MotoGP turning into another F1 circus. However, let us be reminded that F1 had grown by leaps and bounds since Liberty Media acquired it from CVC Capital Partners in 2017.
With all being said, let us see what Liberty Media has in store for MotoGP for next season.
