On Monday 1 April, Formula 1 owner Liberty revealed it had actually obtained MotoGP and parent business Dorna Sports from Bridgepoint Capital for EUR4.2 billion.
The offer was initially set to be settled prior to the start of the 2024 MotoGP season, however getting it cleared by anti-trust boards– especially in the European Union– slowed the procedure.
Previous owner CVC Capital was required to offer MotoGP when it purchased F1 in 2006, which has actually resulted in some concerns regarding how Liberty prepares to prevent the very same fate.
Speaking in a financiers call, Liberty CEO Greg Maffei was positive the offer will fulfill regulative approval which no leveraging of the 2 entities is happening.
“We are really positive we will get this through regulators due to the fact that our company believe there is a broad market for sports and home entertainment homes, of which both Formula 1 and MotoGP are just a little subset, and the marketplace has actually continued to alter from the time when the marketplace was formerly evaluated in a significant method,” he stated.
“We are going to not deal with these as a package or attempt to bring them together in the market.
“These are both different homes. The important things that we are giving the table here are not in any method leveraging the 2.
“I believe it’s pattern acknowledgment and leveraging a few of the knowings we’ve had from F1, and a few of the chance we see to expose MotoGP not in any method to utilize the 2.
“So, I believe we are extremely positive on the regulative side.”
Augusto Fernandez, Tech3 GASGAS Factory Racing, Marco Bezzecchi, VR46 Racing Team
Picture by: Media VR46
Liberty’s primary legal officer Renee Wilm n