The deal will be completed by the end of 2024 and is subject to the receipt of clearances and approvals by competition and foreign investment law authorities in various jurisdictions.
Carmelo Ezpeleta will remain the Dorna CEO. Ezpeleta and his team will continue to run the business. The business will continue to be based in Madrid.Greg Maffei, Liberty Media President and CEO, said:"We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP.
"The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders." "Liberty has an incredible track record in developing sports assets and we could not wish for a better partner to expand MotoGP’s fanbase around the world."