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F1 proprietor Liberty Media to amass MotoGP

F1 proprietor Liberty Media to amass MotoGP


Liberty Media on Monday introduced plans to amass premier motorbike racing sequence MotoGP in a deal valued at 4.2 billion euros (roughly $4.53 billion).

It means the U.S. media large will quickly personal the very best echelon of motorsports on each two and 4 wheels. Liberty Media is identical firm that acquired System 1 in 2016, in a deal that was valued on the time at about $8 billion.

For its newest deal, Liberty Media will purchase the present rights holder of MotoGP, Madrid-based Dorna Sports activities. Following the acquisition, which is anticipated to shut by the top of the 12 months, Dorna Sports activities will stay an independently run firm beneath Liberty Media’s System One Group, which oversees numerous Liberty Media’s property, together with F1.

Liberty Media will purchase roughly 86% of Dorna, and Dorna’s present administration will retain the remainder. Carmelo Ezpeleta, who has been Dorna’s CEO since 1994, will stay in his place and proceed to run the operation at its present Madrid location.

In a press release, Ezpeleta mentioned he and his workforce intend to develop MotoGP with the backing of Liberty Media. Since taking up the rights to F1, Liberty Media has managed to considerably develop F1’s reputation, particularly within the U.S. the place progress had eluded the game for years. There are three U.S. races on the 2024 F1 calendar, and 5 for all of North America. MotoGP has a single U.S. race on its 2024 calendar.

Liberty Media’s deal additionally contains the rights to different motorbike racing sequence owned by Dorna. The record contains MotoGP feeder sequence Moto2 and Moto3, in addition to the Superbike World Championship and new Ladies’s Circuit Racing World Championship.

MotoGP, sanctioned by the FIM, held its inaugural season in 1949, a 12 months earlier than F1’s begin. That first season staged six rounds throughout Europe, and since then the game has grown to comprise round 20 races per season spanning 5 continents. The present tv broadcast reaches a whole bunch of tens of millions around the globe, in accordance with the organizers.



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