At the end of the year, the Americans want about 86 percent of the shares of the former owner of various motorcycle racing series Our turn Take charge, Liberty Media announced. There is still time until the purchase is officially confirmed Approvals are required from various competition and financial bodies.
Madrid-based Dorna Sports holds, among other things, ownership rights Moto2, Moto3, MotoE and Superbike World Championships. Liberty Media is evaluating the negotiated deal including the assumption of debt 4.2 billion euros. Dorna Sports will continue to run the business under Liberty Media with current management from Madrid.
Liberty Media acquired Formula One Group in September 2016 for approximately four billion euros. Dorna Sports is still owned by Bridgepoint, a British private equity firm that took over the motorcycle racing series in 2006 – from Luxembourg-based CVC Capital, whose Formula 1 and MotoGP rights are also held by EU competition watchdogs. (NI/DAP)
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