Billion-Dollar MotoGP Takeover Confirmed: F1 Owners Ready to Dominate Two-Wheeled Motorsport
In a groundbreaking move, F1 owners, Liberty Media, have been granted the ultimate approval to seal the deal on the $4.2 billion takeover of MotoGP promoter Dorna. This colossal acquisition, initially announced in April 2024, has now been officially sanctioned by the European Commission, paving the way for Liberty Media to revolutionize the world of motorcycle racing.
With the acquisition of Dorna Sports now set in stone, Liberty Media is gearing up to turbocharge MotoGP’s global footprint. Following their immense success in revitalizing Formula 1 through innovative projects like Drive to Survive and the upcoming F1 Movie, the powerhouse company is determined to replicate this triumph in the realm of two-wheeled racing.
The torchbearer for this new era of MotoGP is Derek Chang, the successor to former CEO Greg Maffei, who was instrumental in F1’s resurgence under Liberty Media’s ownership. With a proven track record of expanding audience engagement and entertainment value, Liberty Media is poised to propel MotoGP to unprecedented heights of popularity.
The finalization of the acquisition marks Liberty Media’s acquisition of 86% of Dorna, with current CEO Carmelo Ezpeleta set to continue leading the business from its headquarters in Madrid. The European Commission’s green light is a pivotal moment in the evolution of MotoGP, signaling a future brimming with potential for growth and innovation.
In an official statement released by the European Commission, the approval of Liberty Media’s Dorna acquisition was hailed as a landmark occasion. Derek Chang, President, and CEO of Liberty Media, expressed his enthusiasm for the partnership with Dorna, emphasizing MotoGP’s allure as a premium sports asset with immense growth prospects.
Echoing this sentiment, Carmelo Ezpeleta, CEO of Dorna, conveyed his excitement for the bright future that lies ahead for MotoGP, underlining the sport’s electrifying appeal and the commitment to expanding its global reach. With Liberty Media at the helm, MotoGP is poised to captivate fans worldwide and unlock new opportunities for commercial partnerships and competitive excellence.
As the roaring engines of change ignite the MotoGP landscape, the stage is set for a new chapter of adrenaline-fueled excitement and unparalleled sporting spectacle under the stewardship of Liberty Media.
