Liberty Media could unveil MotoGP purchase as early as Monday
The takeover of MotoGP by Liberty Media, who also own F1, will reportedly be confirmed in the coming days.
Greg Maffei, the Liberty Media president and CEO, will confirm the €4bn-plus transaction before Wednesday this week,The deal will mean the two motorsport powerhouses - Formula 1 and MotoGP - are owned by the same company.reported that any deal would face regulatory scrutiny. But it now appears that confirmation of a deal is just days away.
They also reported that Liberty Media's successful swoop edged out a rival bid from TKO, the company which lists WWE and UFC as big-name sports brands under its umbrella. MotoGP’s rights are currently owned by Dorna. The Dorna shareholders are private equity firm Bridgepoint, Canada Pension Plan Investment Board, and Dorna’s senior management.Through an enhanced focus on social media and the hugely popular Netflix show ‘Drive To Survive’, Liberty Media is credited with growing the popularity of F1.Taking over the premier motorcycle racing series in the world would represent a new opportunity to grow a championship’s popularity.
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