Home Global MotoGP: F1 proprietor Liberty Media buys sequence in deal valued at £3.6bn

MotoGP: F1 proprietor Liberty Media buys sequence in deal valued at £3.6bn

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MotoGP: F1 proprietor Liberty Media buys sequence in deal valued at £3.6bn

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Components 1 proprietor Liberty Media has purchased MotoGP in a deal valued at £3.6bn.

The US media conglomerate, which took management of F1 in 2017, has bought the bike sequence from Spanish firm Dorna Sports activities, which has owned MotoGP since 1992.

The deal will see Liberty purchase about 86% of Dorna, with Dorna’s administration retaining the remainder of the enterprise.

It’s anticipated to be formally accomplished by the tip of the yr.

Greg Maffei, Liberty Media president and chief government officer, mentioned the corporate was “thrilled” to be increasing its stay sports activities portfolio.

He added: “MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile.

“The enterprise has important upside, and we intend to develop the game for MotoGP followers, groups, industrial companions and our shareholders.”

Dorna chief executive officer Carmelo Ezpeleta said Liberty has an “unbelievable monitor file in growing sports activities belongings”.

“We’re pleased with the worldwide sport we have grown, and this transaction is a testomony to the worth of the game in the present day and its development potential,” Ezpeleta added.

The first MotoGP season took place in 1949 with just six rounds of racing but has now grown into 20-grands prix campaign, covering five continents.

Spanish rider Jorge Martin is high of this yr’s championship on 60 factors adopted by Brad Binder of South Africa on 42 factors.

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