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The company that owns Formula 1 negotiates the purchase of MotoGP

The company that owns Formula 1 negotiates the purchase of MotoGP

The American group Liberty Media is negotiating the purchase of the company that owns the rights to the MotoGP World Championship, for an astronomical multi-million dollar figure.

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Already owner of the Formula 1the American group Liberty Media negotiates the purchase of the company that owns the rights to the MotoGP World Championship, Dorna Sportsfor more than 4 billion euros (more than 4.3 billion dollars), published the newspaper Financial Times.

Dorna Sportsbased in Madrid, owns the rights to MotoGP World Championship and the championship Superbike. It is 40% controlled by the fund Bridgepoint and 39% for the investment fund of the pension scheme of Canada, recalls the British newspaper. The rest of the capital is held by the leaders of the company itself. Dorna.

The agreement with Liberty Media grants to Dorna a value of about 4 billion eurosdebt included, points out the British newspaper.

According to him Financial Timeswhich is supported by sources close to the negotiation, QSIthe sovereign fund of Qatar owner of Paris Saint-Germainand the holding TKO Groupwhich brings together the American professional wrestling league ( WWE) and mixed martial arts (MMA) are also in talks to purchase Dorna.

Contacted by AFPthe concerned parties were unavailable or unwilling to comment.

Source: Ambito

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