In a significant development indicating a deeper involvement in motorsports, Liberty Media, the owner of Formula One (F1), has revealed the purchase of Dorna Sports, the entity that controls the prestigious MotoGP World Championship. This transaction, valued at an impressive $4.5 billion, marks Liberty Media’s assumption of control over the motorcycle racing series from Bridgepoint, a private equity firm, and the Canada Pension Plan Investment Board.
Through this deal, Liberty Media secures an 86% stake in MotoGP, while the existing management of MotoGP retains a 14% interest. Established in 1949, MotoGP is a premier motorcycle racing championship known for its exhilarating races held in 17 countries, with a total of 21 races scheduled for this year.
Greg Maffei, the CEO of Liberty Media, has expressed confidence in the acquisition, underscoring MotoGP’s substantial potential for growth. Maffei has emphasized the company’s dedication to enhancing the sport for fans, teams, commercial partners, and shareholders.
The acquisition of Dorna Sports, headquartered in Madrid, further cements Liberty Media’s position in the motorsports sector. Since taking ownership, Formula 1 has experienced significant expansions, such as the addition of new races and initiatives aimed at engaging fans through various media channels.
Notably, Formula 1 has broadened its media footprint with projects like the Netflix series “Drive to Survive,” produced by Box to Box Films, and an increased emphasis on social media interaction. With the acquisition of MotoGP, Liberty Media aims to leverage the global appeal and excitement surrounding motorsports, promising an exciting future for racing enthusiasts worldwide.
zoritoler imol
September 16, 2024 at 3:46 pm
hi!,I like your writing so a lot! percentage we keep up a correspondence more about your post on AOL? I require an expert on this area to solve my problem. May be that is you! Looking ahead to peer you.
nom de famille suedois
November 15, 2024 at 2:06 am
It’s really a great and useful piece of info. I am glad that you shared this useful info with us. Please keep us up to date like this. Thank you for sharing.
droversointeru
January 4, 2025 at 6:39 pm
Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2
Live KHL Stream
January 18, 2025 at 12:06 pm
Some times its a pain in the ass to read what blog owners wrote but this internet site is very user friendly! .
MLB Live Streaming
January 18, 2025 at 3:12 pm
Thank you a lot for sharing this with all of us you actually recognize what you’re talking approximately! Bookmarked. Please additionally seek advice from my website =). We could have a link exchange arrangement among us!