Liberty Media now owns MotoGP, marking a major expansion of its sports portfolio beyond F1 racing.
The rumor had been growing for several days, and it is now official: Liberty Media is the new owner of MotoGP, the world motorcycle championship. Having owned F1 since 2016, Liberty Media is thus expanding its portfolio to include the global two-wheel championship.
This is solely a change in ownership of Dorna Sports, which Liberty Media has acquired. In terms of management, there is no change as Carmelo Ezpeleta, who has been leading the discipline, will continue as the head of MotoGP.
“MotoGP is a global discipline with a loyal and enthusiastic fan base, thrilling races, and a financially very lucrative profile,” said Greg Maffei (photo below), CEO of Liberty Media.
“Carmelo and his management team have built a great sporting spectacle that we can extend to a wider global audience. The company has significant potential, and we plan to grow the sport for MotoGP fans, teams, commercial partners, and our shareholders.”
With an acquisition estimated at 4.2 billion euros, Liberty buys approximately 86% of MotoGP shares. The deal will be finalized by the end of 2024. Ezpeleta explained the decision to hand over the reins to Liberty Media.
“Liberty Media has incredible experience in developing sports assets, and we could not dream of a better partner to expand the MotoGP fan base worldwide,” stated the Spaniard.
Liberty Media Acquires MotoGP in Monumental Deal. Liberty Media Acquires MotoGP in Monumental Deal
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