Liberty Media, owner of Formula 1, is negotiating with Bridgepoint the possible purchase of Dorna Sports, manager of the MotoGP championship, valued at €4,000 M.
The company that owns the Formula 1, Liberty Mediais in negotiations with Bridgepoint about the possible purchase of Dorna Sportsmanager of the World Cup MotoGPaccording to the economic newspaper Expansion. Although the amount was not disclosed, Bridgepoint value Dorna Sports at 4,000 million euros, so the London company will not accept a lower offer.
If you win the competition, Liberty Media would control the two main events in the motor world: the Formula 1 and MotoGP. Bridgepoint did not place on the market Dorna SportsHowever, in the interest of Liberty Media other giants of the audiovisual sector joined in, such as amazon, Netflix and disney.
In parallel, there are several venture capital funds studying to enter the equation: CVC either KKR would see great potential in acquiring part or all of the rights of MotoGP. Bridgepoint consider that Dorna Sports It is a very attractive company about which there is always speculation about different parties interested in its acquisition.
Formula 1 and MotoGP, with previous contacts
For its part, Liberty Mediacompany that owns the Formula 1, did not make any statement in this regard. “The signs are always there. I confirm the rumours, but I would like to know who spreads them. Also because every day I receive two or three calls from credit institutions: they ask me if it is true that we are for sale. But the banks do not want to buy , no: they offer themselves as intermediaries in the operation,” he had declared Carmelo Ezpeletaexecutive director of Dorna SportsLast December.
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Although the information about the possible offer of Liberty Media now, last April, both Formula 1 and MotoGP They entered into talks to study the feasibility of organizing a Grand Prix jointly. The first contacts were maintained during the opening round of the motorcycle world championship, in Portimao (Algarve, Portugal) between March 24 and 26.
MotoGP, on the rise after the pandemic
The World Championship MotoGP closed the 2023 season, returning to pre-pandemic records, attracting 2.9 million spectators to the circuits during the year that saw the crown of Franceso Bagnaia as double world champion of the premier category.
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The Shark Grand Prix de France, held at the Le Mans circuit on May 14, attracted 278,805 spectators between the free practice on Friday and the races on Sunday, becoming the Grand Prix with the largest attendance in the history of MotoGP.
For its part, Liberty Media closed the 2022 season (the last with public data) with profits of 2,029 million dollars, compared to 744 million dollars in 2021. Likewise, the group increased its turnover to 12,164 million dollars in 2022, 6.7% more than in the same period of the previous season.
Source: Ambito
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