Liberty Media MotoGP Takeover Approved | EC
- Liberty Media's acquisition of MotoGP rights holder Dorna Sports has received the unconditional approval of the European Commission.
- Liberty Media plans to use its expertise in sports and entertainment to grow MotoGP's fanbase and expand the sport commercially.
- Derek Chang, Liberty Media president and CEO, said the European Commission's approval was the final step, and they are excited to partner with Ezpeleta and his team.
The European Commission has approved Liberty Media’s takeover of MotoGP, signaling a new era for motorcycle racing. this decision clears the path for Liberty Media to elevate MotoGP’s global presence, aiming to captivate a wider audience. Carmelo Ezpeleta will continue as CEO of Dorna Sports. Liberty Media intends to leverage its sports and entertainment expertise to fuel the growth of the MotoGP fanbase and its commercial expansion on a global scale. Derek Chang, Liberty Media’s president and CEO, expressed his excitement about partnering with Ezpeleta, emphasizing MotoGP’s immense potential. This declaration, covered by News Directory 3, represents a pivotal moment. Discover what’s next for motogp’s trajectory and how Liberty Media plans to enhance the racing experience for fans worldwide.
European Commission Approves Liberty Media’s MotoGP Takeover
Liberty Media’s acquisition of MotoGP rights holder Dorna Sports has received the unconditional approval of the European Commission. The move paves the way for Liberty Media to broaden MotoGP’s international appeal and deliver racing to a larger global audience.
Liberty Media plans to use its expertise in sports and entertainment to grow MotoGP’s fanbase and expand the sport commercially. dorna’s CEO, Carmelo Ezpeleta, will continue to lead the Madrid-based business, a position he has held since 1998.
Derek Chang, Liberty Media president and CEO, said the European Commission’s approval was the final step, and they are excited to partner with Ezpeleta and his team. he added that MotoGP is a premium sports asset with significant growth potential.
“Today’s approval from the European Commission marks the final condition to closing Liberty’s acquisition of MotoGP… MotoGP is a highly attractive premium sports asset with incredible racing, a passionate fanbase and a strong cash flow profile.”
– Derek chang, Liberty Media President and CEO
Ezpeleta said he was happy with the European Commission’s decision, calling it an crucial milestone for MotoGP’s future. He added that Liberty Media is the best possible partner to accelerate the sport’s growth and reach more fans.
“We are very happy that the European Commission has approved the transaction… Liberty is the best possible partner for our sport and the entire MotoGP community, and we are excited to create even greater value for our fans, commercial partners and everyone competing.”
– Carmelo Ezpeleta, CEO of Dorna
What’s next
Liberty Media will now focus on integrating MotoGP into its portfolio and implementing strategies to enhance the fan experience and expand the sport’s global presence. The company aims to deepen connections with the existing fanbase while attracting new audiences to MotoGP.