A year ago Liberty Media revealed that Dorna got and would be the new advocate of MotogpAs for nearly a decade ago with the Formula 1. To finish the binding of the agreement, the green light of European Commission.
This Monday, June 23, has received unconditional approval from the European Commission to complete the acquisition of DornaSpanish company that owns the rights of MOTOGP to this day. This is the last step before all the procedures must be provided to terminate the purchase process. As the statement of the championship itself said, the agreement is closed “no later than July 3”.
“The European Commission’s approval is now marked the final condition to close the libert motogp of the libert connection to the base of the fans and the expansion of a broader global audience,” said Derek Chang, President and CEO of Liberty Media.
“We are glad that the European Commission has approved the transaction. This is an important mile of our fans, commercial partners and for all competing,” said Ezpeleta, CEO of Dorna.
Dorna will continue to manage the championship
With the arrival of Liberty Media as a command, a new season is expected to open more than the viewer and expand the business, as happened to F1. The American Company will retain 84% of Dorna while the current ones remain at the remaining 16%. The purchase price, as it exceeds the time, is around 3.6 billion dollars.
The agreement pointed out that Dorna will continue to be responsible for the management of the championship. Carmelo Ezpeleta will continue to be the World Cup’s mandam, as she has conquered since 1998, with the rest of her team.
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.
