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The motorsports industry has picked up speed in recent years, and this is reflected in the amount of money flowing in and out of the area. Liberty Media, the American company that sponsors Formula 1, has announced the takeover of the company that owns the MotoGP World Championship, Dorna, in exchange for 4.2 billion euros. "Liberty Media will acquire approximately 86% of Dorna, with Dorna management retaining approximately 14% of the equity... The transaction reflects an enterprise value for Dorna/MotoGP of euro4.2 billion ($4.53 billion) and a equity value of 3.5 billion euros," MotoGP said in a statement. "We are pleased to expand our portfolio of premier sports and entertainment assets through the acquisition of MotoGP," said Greg Maffei, president and Liberty Media CEO. Dorna CEO Carmelo Ezpeleta said: "We are excited about what this milestone brings for Dorna, the MotoGP paddock and race fans. The acquisition is due to be completed by the end of the year, subject to the opinions and approvals of the legal authorities, MotoGP points out. In order for the transaction to be completed, the approval of the regulatory authorities will also be needed. The investment fund CVC, was obliged to sell Dorna first, in 2006, to be able to buy Formula 1, a competition that it then sold to Liberty Media in 2017.
Major transaction in the world of motorsports
O.D.
English Section / 3 aprilie
Photo source: facebook / MotoGP
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