it's official. apart from f1, liberty media will also own moto GP. The American company bought a majority stake in Dorna, which holds the Moto GP marketing rights. Liberty media will therefore own 86 percent of the shares, the value of the transaction rose to 4.2 billion euros.
"We are thrilled to expand our portfolio of world-class sports and entertainment events with the acquisition of MotoGP," said Greg Maffei, president and CEO of Liberty Media, in a statement.
Whether Liberty Media will own Moto GP has been discussed in the past, even that Formula 1 could share a circuit on the same weekend as Moto GP, meaning a combined program during the weekend. However, we will have to wait for that.
"MotoGP is a global series with a loyal and enthusiastic fan base, exciting races and a financial profile with high cash flow. Carmelo and his management team have built a great sporting spectacle that we can expand to a wider global audience,” added Maffei.
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