The American media company Liberty Media should after the Formula 1 also the Take over rights to the MotoGP motorcycle world championship.
At the end of the year, the Americans want around 86 percent of the shares in the previous owner of various motorcycle racing series Dorna take over, as Liberty Media announced. There is still time until the purchase is officially confirmed Approvals from various competition and financial authorities are required.
The Madrid-based company Dorna Sports also owns, among other things, the rights to the Moto2, Moto3, MotoE and Superbike World Championship. Liberty Media evaluates the negotiated transaction including the assumption of debt 4.2 billion euros. Dorna Sports will continue to run the business under Liberty Media with the current management from Madrid.
Liberty Media took over the Formula One Group in September 2016 for almost four billion euros. Dorna Sports is still owned by Bridgepoint, a British private equity company that took over the motorcycle racing series in 2006 – from the Luxembourg-based CVC Capital, which the EU competition watchdogs also hold the Formula 1 and MotoGP rights had forbidden. (nih/sda)
2024-03-31 16:05:00
#Cycling #star #Marlen #Reusser #injured #fall
