Liberty Media, the company that owns Formula 1, has now taken over MotoGP, the world’s top motorcycle racing series. The deal, worth about €4.2 billion, was completed after getting approval from the European Commission. Liberty Media now owns most of MotoGP, while the original company, Dorna Sports, keeps a smaller share.
This is a big move for Liberty Media. They bought Formula 1 in 2017 and helped it grow around the world. Now, by adding MotoGP, they control both the biggest car and motorcycle racing championships. MotoGP will join Formula 1 and the media company Quint under Liberty’s Formula One Group.
The current MotoGP boss, Carmelo Ezpeleta, and his team will keep running the sport. Liberty Media’s leaders, including people who helped make F1 more popular, will join the MotoGP board to help guide the future.
Liberty Media’s Goal: To Make MotoGP Bigger
Liberty Media says it wants to make MotoGP even bigger, especially in places like North America, where motorcycle racing is not as popular as in Europe or Asia. They plan to use their experience from F1 to bring more fans, better TV coverage, and bigger events to MotoGP. The goal is to make MotoGP more exciting and reach new audiences around the world.
The European Commission checked the deal to make sure it would not hurt competition, especially for TV rights. After a careful look, they decided that F1 and MotoGP are different enough that the deal could go ahead without problems for broadcasters or fans.
With this takeover, Liberty Media hopes to start a new era for MotoGP, just like they did with Formula 1. Fans can expect more global events, new ways to watch races, and more excitement in the years to come.
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