Liberty Media Corporation is a giant in the world of sports and entertainment, and it is getting even bigger. It has announced its recent agreement to acquire MotoGP, which marks a significant addition to Liberty Media’s portfolio of high-quality global sports assets, which includes ownership stakes in Formula One.
Under the new agreement, Dorna Sports S.L., MotoGP’s exclusive commercial and television rights holder, will continue to operate as an independent entity within Liberty Media’s Formula One Group tracking stock, ensuring that the championship remains under the current CEO, Carmelo Ezpeleta, and his Madrid-based team. The continuity of Dorna’s management promises a seamless transition, maintaining the championship’s legacy while exploring new growth opportunities under Liberty Media’s umbrella.
The agreed acquisition encompasses approximately 86% of Dorna, valuing the MotoGP enterprise at €4.2 billion ($4,511,980,200.00). Greg Maffei, President and CEO of Liberty Media, expressed enthusiasm for the acquisition, highlighting MotoGP’s global appeal and the intention to broaden its reach further. Echoing Maffei’s sentiments, Carmelo Ezpeleta welcomed the acquisition as a milestone for MotoGP, recognizing it as an opportunity to enhance its global footprint.
The acquisition, expected to be finalized by the end of 2024, is subject to regulatory approvals. This move signifies a substantial investment in the sport’s future and reaffirms MotoGP’s status as a pinnacle of motorsport, poised for growth and innovation.
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