The Liberty Media has received unconditional approval from the European Commission to meet the acquisition of MotogP rights holder Dorna Sports, with this deal now not expected to be later after July 3, 2025.
The ruling commission follows a ‘intensive investigation’, to assess whether transactions will reduce competition in the license of broadcasting rights for sports materials.
Finally, the Commission concluded that the merger would not increase the concerns of competition in the European economic sector.
The final regulator paves the way for the owners of the green light Sutra 1 To start a new chapter in the history of Motoogp,
Liberty will acquire 84% of the dearna sports, the remaining 16% will be maintained by the current MotogP management.
Carmello Azpeletta, who has served as CEO of Doorna since 1998, will remain in charge of ‘Motoogi’ with his management team.
However, Liberty Media’s Board of Directors and Management Team, including Chase Carrie, former CEO of Liberty Media and former CEO of Formula 1, and former managing director of commercial operations in Formula 1 will include Sean Brach, Dorna’s board of directors, Ezpeta and Enrich Aladama, Dourna’s Chief Operating and Financial Officers.
“Today’s approval from the European Commission is a final condition for the closure of Liberty’s Motogp’s acquisition,” said Liberty Media President and CEO Derek Chang. “We are officially thrilled to start Liberty’s partnership with Carmello and his outstanding management team.
“Motogp is an extremely attractive premium sports asset with incredible racing, an emotional fanbase and a strong cash flow profile. We believe that sports and brands have significant growth ability, which we will feel through the main fan base and deepening the connection with a comprehensive global audience.”
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Ezpeleta welcomed the European Union’s decision and stated that the arrival of Liberty media took an important step in the development of Motogp.
“We are very happy that the European Commission has approved the transaction,” Azpeletta said. “It is an important milestone that confirms a bright future even further for motoogi.
“Motogp is one of the most exciting sports on Earth, and we are ready to accelerate the development of the game and expand our access to even more fans worldwide.
“Liberty is the best possible partner for our sports and the entire Motogp community, and we are excited to create even more values for our fans, commercial partners and all those who compete.”
The deal gives importance to Motogp at € 4.2 billion and positions Liberty Media to replicate its commercially successful change of Formula 1, which has seen an increase in global interest since the 2017 acquisition.
More information about Liberty plans for Motogp is expected to follow once after formally closure in early July.
