A year ago that Liberty Media announced that Dorna was acquiring and was going to become the new promoter of MotoGPas did almost a decade ago with the Formula 1. To finish sealing the agreement, the green light of the European Commission.
This Monday, June 23, has received unconditional approval from the European Commission to complete the acquisition of DornaSpanish company that owns MotoGP rights to date. It was the last step before ending all the procedures that should be given to end the purchase process. As the statement of the championship itself says, the agreement will be closed “not later than July 3”.
“Today's approval of the European Commission marks the last condition to close MotoGP's acquisition by Liberty. We are delighted to officially start the Liberty Association with Carmelo and its excellent management team. MotoGP is a very attractive premium sports asset, with incredible races, a passionate hobby and a solid cash flow profile. We believe that sport and brand have a significant growth potential, which we will try to materialize, that we will try to materialize to materialize. Through the deepening of the connection with the fans base and the expansion to a broader global audience, “said Derek Chang, president and CEO of Liberty Media.
“We are very happy that the European Commission has approved the transaction. It is an important mile Our fans, commercial partners and for all who compete, “Ezpeleta said, CEO of Dorna.
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Dorna will continue managing the championship
With the arrival of Liberty Media in command, a new era is expected to open more to the spectator and expand the business, as happened in F1. The American company will stay 84% of Dorna while the current owners stay with the remaining 16%. The purchase price, as it transcended at the time, is around 3.6 billion dollars.
The agreement specifies that Dorna will continue to be responsible for the management of the championship. Carmelo Ezpeleta will continue to be the mandamás of the World Cup, since he has occupied since 1998, along with the rest of his team.
