EC approves Liberty Media’s MotoGP takeover
MotoGP rights holder Dorna Sports’ acquisition by Liberty Media has received unconditional approval from the European Commission.
This acquisition enables Liberty Media to accelerate MotoGP’s international appeal and bring captivating racing to a wider global audience.
Liberty Media will leverage its expertise in developing sports and entertainment assets to further expand MotoGP’s fanbase and grow the sport commercially. Carmelo Ezpeleta, CEO of Dorna since 1998, will continue to run the business headquartered in Madrid.
Derek Chang, Liberty Media President and CEO, said, “Today’s approval from the European Commission marks the final condition to closing Liberty’s acquisition of MotoGP. We are thrilled to officially commence Liberty’s partnership with Carmelo and his excellent management team. MotoGP is a highly attractive premium sports asset with incredible racing, a passionate fanbase and a strong cash flow profile. We believe the sport and brand have significant growth potential, which we will look to realise through deepening the connection with the core fan base and expanding to a wider global audience.”
Carmelo Ezpeleta, CEO of MotoGP rights holder Dorna, said, “We are very happy that the European Commission has approved the transaction. This is an important milestone confirming the even brighter future that lies ahead for MotoGP. MotoGP is one of the most thrilling sports on earth, and we look forward to accelerating the sport’s growth and expanding its reach to even more fans around the world. Liberty is the best possible partner for our sport and the entire MotoGP community, and we are excited to create even greater value for our fans, commercial partners and everyone competing.”
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