It’s been a few months since that became official Liberty Mediathe large media conglomerate that owns the rights to formula 1, he will also remain among those of MotoGP. However, in the past few hours there has been a change in the payment strategy.
Initially, it was planned that Liberty would pay 24% of the cost of the operation with the newly issued shares of Formula 1 That is, 735 million in shares and another 2,282 million in cash. It should be remembered that the agreement will keep 86% of Dorna Sport, the Spanish company managed by Carmelo Ezpeleta holder of MotoGP rights, which in the agreement is worth 4.2 billion euros.
In the past few hours, Liberty issued a statement explaining the launch of a public offer of 10,650,000 newly issued Formula 1 shares (Series C Liberty Formula One) and will then pay in full in cash.
When the purchase became official, it was also said that Dorna’s leadership would not undergo any changes so Ezpeleta would continue to be the boss. Furthermore, the official headquarters will continue to be in Spain. The idea is that The purchase will be completed by the end of this year with the aim of expanding the top motorcycling category into new markets.
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.
