Liberty Media, the company that owns Formula One, is finalizing the purchase of the Spanish company Dorna Sportsowner of MotoGP, for more than 4,000 million euros, the British newspaper ‘Financial Times’ (FT) announced this Wednesday.
According to sources close to the negotiations cited by the media, Liberty, led by the telecommunications and entertainment magnate John Malonewill acquire Dorna after rejecting another offer from the TKO group, led by a super-agent of Hollywood stars Ari Emanuel.
Qatar Sports Investmentsowner of Paris Saint-Germain, has also expressed interest in Dorna and is in talks with the British investment fund Bridgepoint, owner of the company that organizes the World Motorcycle Championship or the Superbike championship.
Despite everything, the FT recalls that for the deal to materialize it will first have to face the approval of the regulatory authorities, as the CVC investment fund already had to get rid of motorcycles in 2006 to buy Formula One, which it was sold. at Liberty in 2017.
Bridgepoint and the pension fund Canada (CPPIB) They are the main shareholders of Dorna, which is also owned by its CEO, Carmelo Ezpeleta.
According to the newspaper, Liberty’s offer would value Dorna at more than 4 billion euros, including its debt, and although the deal seems close, its announcement could be delayed until next week.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
