The business should be made on July 3, with the company to acquire 84%.
The European Commission has given unconditional green light to the acquisition of MotoGP World Cup to the Spanish company Dorna by Liberty Media, holding the rights of the Formula 1 World Championship.
“The business should be implemented by July 3, opening the door to a new era of this sport,” reads in the statement of the championship prosecutor.
According to the same document, Liberty Media “It will now leverage, with your experience, the base of MotoGP fans and grow this business sport and globally”it is still read.
The Spanish Carmelo Ezpeleta, the maximum chief of Dorna since 1998, will continue to manage the destinations of the championship.
“The approval today, by the European Commission is the final condition to close the acquisition by Liberty. We are excited to start this partnership with Carmelo Ezpeleta and his management team,” said Derek Chang, president of Liberty Media, quoted in the same statement.
The same responsible says believes that “This sport has great growth potential“, that Liberty will seek to develop “Through a deep connection with the fan base and expand the brand to a more global audience.”
Liberty Media will acquire 84% of MotoGP, while Dorna maintains 16% of the business.
