Liberty Media, the conglomerate behind Formula 1, edges closer to securing MotoGP, marking a significant expansion in its motorsport domain.
Liberty Media, the American conglomerate that owns Formula 1, is reported to be closing in on a deal to buy MotoGP, the premier motorcycle racing series, for approximately £3.5 billion (€4 billion). The negotiations position Liberty Media ahead of other interested parties such as William Morris Endeavor and Qatar Sports Investments, engaging directly with Dorna Sports, the Madrid-based entity that organizes MotoGP. This potential acquisition signals Liberty Media’s ambition to dominate the motorsport world by bringing together the leading car and motorcycle racing series.
The move comes as Liberty Media continues to expand the Formula 1 brand globally, with plans for a record-breaking 24-race season, including new events in the United States. Owning MotoGP would not only solidify Liberty Media’s portfolio but also amplify its influence over the motorsport industry, encompassing events like the Superbike World Championship and the MotoE series.
In a separate development, Aston Martin has opted not to appeal the 20-second penalty imposed on Fernando Alonso during the Australian Grand Prix. The penalty, which moved Alonso from sixth to eighth place, was a consequence of an incident that led George Russell’s car to crash. Despite acknowledging Alonso’s unintentional mistake, Aston Martin expressed its dissatisfaction but chose to accept the ruling without contention.
The possible acquisition of MotoGP by Liberty Media has garnered attention, reflecting on Liberty’s success in enhancing the Formula 1 experience and its potential to replicate this success in motorcycle racing. However, the deal is subject to regulatory scrutiny, especially given historical precedents and the need for clearances that ensure fair competition within the motorsport industry.
