MotoGP

Liberty Media to acquire MotoGP

Liberty Media is to acquire Dorna Sports, the exclusive commercial rights holder to the MotoGP World Championship.

MotoGP is the pinnacle of motorcycle racing and features breathtaking races with top speeds above 360 kilometres per hour (223 miles per hour) and lean angles of more than 60 degrees. From its first season in 1949 which staged six rounds across Europe, MotoGP has grown significantly and will host 21 races across 17 countries for the 2024 season.

Carmelo Ezpeleta, CEO of Dorna since 1994, will continue to run the business, which is headquartered in Madrid.

“We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP,” said Greg Maffei, Liberty Media president and CEO. “MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile. Carmelo and his management team have built a great sporting spectacle that we can expand to a wider global audience. The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders.”

Ezpeleta said: “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. We are proud of the global sport we’ve grown, and this transaction is a testament to the value of the sport today and its growth potential. Liberty has an incredible track record in developing sports assets and we could not wish for a better partner to expand MotoGP’s fanbase around the world.”

Liberty Media will acquire 86 per cent of MotoGP with MotoGP management retaining approximately 14 per cent of their equity in the business. The transaction reflects an enterprise value for MotoGP of €4.2 billion and an equity value of €3.5 billion with the existing debt balance at MotoGP expected to remain in place after close.

The acquisition is expected to be completed by year-end 2024.