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Liberty Media has announced that it will acquire Dorna Sports, exclusive holder of the commercial rights to the MotoGP World Championship.
The company will acquire 86% of MotoGP, with MotoGP management retaining around 14% of its stake in the business, in a deal that has corporate value of 4.2 billion euros and an asset value of 3.5 billion euros.
MotoGP will be attributed to the tracking actions of Liberty Media’s Formula One Group, the company added.
“The business has significant benefits and we intend to grow the sport for MotoGP fans, teams, business partners and our shareholders,” said Greg Maffei, CEO of Liberty Media (LSXMA).
Liberty Media will acquire the company from Bridgepoint and the Canada Pension Plan Investment Board.
The equity consideration of the deal is expected to include approximately 65% in cash, 21% of Series C Liberty Formula One common stock (FWONK) and 14% of retained MotoGP management capital.
Carmelo Ezpeleta, long-term CEO of Dorna Sports, will retain the role.