Liberty Media has successfully completed the purchase of MotoGP's commercial rights in a deal worth approximately €4.2 billion. This acquisition heralds a new chapter in the world of motorsport, merging the forces of two premier racing powerhouses.Liberty Media, already known for its financially successful ownership of Formula One, has added a significant feather to its cap by acquiring MotoGP, one of the most exciting leagues of racing in the world.
The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders.'Carmelo Ezpeleta, CEO of Dorna Sports, the organisation previously overseeing MotoGP, is equally excited about the takeover.'This is the perfect next step in the evolution of MotoGP, and we are excited for what this milestone brings to Dorna, the MotoGP paddock and racing fans.