Formula One’s United States-based owner Liberty Media have announced a takeover of MotoGP’s parent company Dorna, valuing the world’s leading motorcycle racing championship at €4.2 billion ($4.53bn), MotoGP said in a statement on Monday.
Dorna will remain an independently run company attributed to Liberty Media’s Formula One Group tracking stock and continue to be based in Madrid, with long-serving Dorna CEO Carmelo Ezpeleta remaining in his position, the statement added.
– Unlapped: How to listen or watch ESPN’s F1 show
“This is the perfect next step in the evolution of MotoGP, and we are excited for what this milestone brings to Dorna, the MotoGP paddock and racing fans,” Ezpeleta said.
The deal will see Liberty Media acquiring approximately 86% of Dorna, with Dorna management retaining the other 14% of its equity. The deal is expected to be completed by the end of 2024.
The transaction reflects an enterprise value of €4.2bn for Dorna/MotoGP and an equity value of €3.5bn, the statement said.
Dorna Sports, which was roughly 40% owned by British private investment company Bridgepoint Group, also promotes the World Superbike Championship and all-electric MotoE.
“We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP,” Liberty Media President and CEO Greg Maffei said.
“The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders.”
The takeover could attract regulatory scrutiny. CVC Capital Partners, who sold Formula One to Liberty in 2017, were cleared by the European Commission to buy F1 in 2006 on condition they sold Dorna.
Canada Pension Plan Investment Board (CPPIB) bought a 39% stake in Dorna from Bridgepoint in 2012. The remaining shares were owned by Dorna management, whose stake has dropped to 14% following the takeover.
price of stromectol – carbamazepine 200mg over the counter carbamazepine 400mg for sale
buy cheap isotretinoin – decadron 0,5 mg canada zyvox 600mg brand
amoxicillin price – order generic amoxicillin ipratropium 100mcg canada
zithromax order online – azithromycin 250mg usa bystolic 20mg drug
purchase omnacortil online – omnacortil 5mg pills buy cheap prometrium
lasix cost – order nootropil 800mg online cheap betnovate generic
order generic neurontin 800mg – order sporanox 100mg generic order itraconazole 100 mg without prescription
buy clavulanate pills – where to buy ketoconazole without a prescription buy generic duloxetine 40mg
vibra-tabs sale – glucotrol 10mg cheap glipizide 10mg for sale
augmentin brand – augmentin 375mg cost order cymbalta for sale
I have bookmarked this site for future reference.
where to buy rybelsus without a prescription – periactin 4 mg without prescription where can i buy periactin
order generic cialis – sildenafil 50mg us order sildenafil without prescription
sildenafil over the counter – cheap cialis tadalafil over the counter
order atorvastatin without prescription – atorvastatin 80mg generic purchase prinivil generic
cenforce 100mg generic – buy glucophage pills for sale metformin 500mg drug
cost lipitor 20mg – buy prinivil pills buy prinivil pills
buy omeprazole without prescription – buy metoprolol 50mg generic buy atenolol pill
methylprednisolone 8mg pills – depo-medrol tablet how to buy triamcinolone
cytotec price – diltiazem 180mg pill diltiazem pills
order acyclovir 400mg online – order zyloprim 300mg without prescription buy crestor online
motilium us – buy generic sumycin flexeril medication
how to get motilium without a prescription – tetracycline 250mg brand cyclobenzaprine 15mg ca
inderal uk – inderal 20mg canada methotrexate for sale online
warfarin 2mg for sale – order warfarin 5mg pill losartan sale