Formula One Owners Liberty Media Buy MotoGP For $4.5 bn

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Red Bull KTM Factory Racing Jack Miller steers his bike during the second day of the pre-season MotoGP test at the Sepang International Circuit in Sepang on February 7, 2024. – Formula One owners Liberty Media swooped to buy MotoGP on April 1, 2024 in a deal valued at around $4.5 billion, the American company announced. MotoGP said in a statement that Liberty Media would acquire “approximately 86 percent” stake from owners Dorna in a deal valued at 4.2 billion euros .

“Liberty Media will acquire approximately 86 percent of Dorna, with Dorna management retaining approximately 14 percent of their equity in the business. “MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile. Carmelo and his management team have built a great sporting spectacle that we can expand to a wider global audience.”Long serving CEO Carmelo Ezpeleta will remain in the post he has occupied since 1994 with the business headquarters remaining in Madrid.

 

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