Billionaire investor John Malone’s Liberty Media has inked a deal to acquire 86% of Dorna Sports, the exclusive rights holder to the MotoGP world championship, from Bridgepoint and Canada Pension Plan Investment Board.
The deal for the motorcycle racing circuit, which reflects a 4.2 billion-euro (or $4.5 billion) enterprise value for MotoGP, expands Liberty’s sports assets led by Formula 1 racing. MotoGP will be attributed to Liberty Media’s Formula One Group tracking stock (Fwona). The deal is expected to close by year end.
MotoGP features races with top speeds above 360 kilometers per hour (223 miles per hour) and lean angles of over 60 degrees. From its first season in 1949 that staged six rounds across Europe, MotoGP has grown significantly and will host 21 races across 17 countries for the 2024 season. “The business benefits from an attractive financial profile with diversified and contracted revenue streams, high Ebitda margins and low capital intensity resulting in significant free cash flow,...
The deal for the motorcycle racing circuit, which reflects a 4.2 billion-euro (or $4.5 billion) enterprise value for MotoGP, expands Liberty’s sports assets led by Formula 1 racing. MotoGP will be attributed to Liberty Media’s Formula One Group tracking stock (Fwona). The deal is expected to close by year end.
MotoGP features races with top speeds above 360 kilometers per hour (223 miles per hour) and lean angles of over 60 degrees. From its first season in 1949 that staged six rounds across Europe, MotoGP has grown significantly and will host 21 races across 17 countries for the 2024 season. “The business benefits from an attractive financial profile with diversified and contracted revenue streams, high Ebitda margins and low capital intensity resulting in significant free cash flow,...
- 4/1/2024
- by Jill Goldsmith
- Deadline Film + TV
Formula 1 owner Liberty Media, led by chairman John Malone and CEO Greg Maffei, has struck a deal to acquire a big majority stake in the company behind the motorcycle racing circuit MotoGP in a deal that puts an enterprise value of 4.2 billion euro ($4.5 billion) on the firm.
The deal for Madrid-based Dorna Sports, which is the commercial rights holder for MotoGP, comes after the likes of UFC and WWE owner Tko Group, run by Ari Emanuel, and Qatar Sports Investments had also looked at a possible takeover, according to reports.
Liberty said the transaction also amounts to an equity value of 3.5 billion euro ($3.8 billion) for the company, “with the existing debt balance at MotoGP expected to remain in place after close.” Liberty said it will attribute MotoGP to its Formula One Group tracking stock and expects to pay for the business with approximately 65 percent in cash and 21 percent in...
The deal for Madrid-based Dorna Sports, which is the commercial rights holder for MotoGP, comes after the likes of UFC and WWE owner Tko Group, run by Ari Emanuel, and Qatar Sports Investments had also looked at a possible takeover, according to reports.
Liberty said the transaction also amounts to an equity value of 3.5 billion euro ($3.8 billion) for the company, “with the existing debt balance at MotoGP expected to remain in place after close.” Liberty said it will attribute MotoGP to its Formula One Group tracking stock and expects to pay for the business with approximately 65 percent in cash and 21 percent in...
- 4/1/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Lucknow, June 19 (Ians) Uttar Pradesh is set to host the country’s first MotoGP racing event at the Buddha international circuit in Greater Noida on September 22 and 23, the state government spokesman said.
Additional chief secretary (sports), Navneet Sehgal said that the people across the world would be able to watch the bike racing event through various media platforms.
He said that the adventurous championship comprising the high-end racing machines would further bolster the image of ‘Brand Up’.
The development marks the return of a big-ticket motorsport event in the country after Formula 1’s departure in 2013.
A state government spokesperson said that a few months ago, Chief Executive Office of Drona Sports Carmelo Ezpeleta, who holds the commercial rights of MotoGP, had met Chief Minister Yogi Adityanath and Union Sports Minister Anurag Thakur to discuss the possibility of a bike racing event.
Yogi Adityanath had then assured the company of lending...
Additional chief secretary (sports), Navneet Sehgal said that the people across the world would be able to watch the bike racing event through various media platforms.
He said that the adventurous championship comprising the high-end racing machines would further bolster the image of ‘Brand Up’.
The development marks the return of a big-ticket motorsport event in the country after Formula 1’s departure in 2013.
A state government spokesperson said that a few months ago, Chief Executive Office of Drona Sports Carmelo Ezpeleta, who holds the commercial rights of MotoGP, had met Chief Minister Yogi Adityanath and Union Sports Minister Anurag Thakur to discuss the possibility of a bike racing event.
Yogi Adityanath had then assured the company of lending...
- 6/19/2023
- by Agency News Desk
- GlamSham
New Delhi, Sep 30 (Ians) India will stage a MotoGP race at the Buddh International Circuit in Uttar Pradesh from 2023, organisers confirmed in a statement on Friday.
Commercial rights holders Dorna Sports said earlier this month that they were in talks with the state government of Uttar Pradesh and India’s sports ministry.
“We’re very proud to announce that Buddh International Circuit will be on the 2023 calendar. We have a lot of fans in India and we’re excited to be able to bring the sport to them,” Dorna Sports CEO Carmelo Ezpeleta said in a statement.
Racing at Buddh International Circuit, located in Uttar Pradesh to the south of New Delhi, will bring the sport into the heart of this key market and make the sport more accessible than ever to our fanbase across the region.
As MotoGP continues to expand, the Indian Grand Prix marks an important milestone...
Commercial rights holders Dorna Sports said earlier this month that they were in talks with the state government of Uttar Pradesh and India’s sports ministry.
“We’re very proud to announce that Buddh International Circuit will be on the 2023 calendar. We have a lot of fans in India and we’re excited to be able to bring the sport to them,” Dorna Sports CEO Carmelo Ezpeleta said in a statement.
Racing at Buddh International Circuit, located in Uttar Pradesh to the south of New Delhi, will bring the sport into the heart of this key market and make the sport more accessible than ever to our fanbase across the region.
As MotoGP continues to expand, the Indian Grand Prix marks an important milestone...
- 9/30/2022
- by Glamsham Bureau
- GlamSham
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