Stay Tuned!

Subscribe to our newsletter to get our newest articles instantly!

Approves Europe Sports

Europe approves F1 owner Liberty’s MotoGP takeover

Europe approves F1 owner Liberty’s MotoGP takeover

“The deal is now expected to close no later than July 3”

Europe approves F1 owner Liberty's MotoGP takeover

Europe is no longer a barrier to F1 owner Liberty Media’s acquisition of MotoGP.

Liberty announced its intention to buy MotoGP in April 2024, but by December, optimism gave way to uncertainty as the European Commission launched a formal antitrust investigation into the 4.2 billion euro deal.

What began as confident talk from CEO Greg Maffei soon became a full-scale regulatory hurdle, with new competition chief Teresa Ribera Rodriguez expressing “serious concerns” about market impact and broadcaster competition.

However, Liberty and MotoGP have now jointly declared that the European Commission has given “unconditional approval” to the takeover deal.

“The deal is now expected to close no later than July 3, 2025, opening the door to a new era for the sport,” the media statement added.

MotoGP is being sold by Dorna, whose CEO Carmelo Ezpeleta has been in charge for decades.

“Today’s approval from the European Commission marks the final condition to closing Liberty’s acquisition of MotoGP,” said Derek Chang, Liberty Media CEO.

79-year-old Ezpeleta, who will continue to run MotoGP, commented: “We are very happy that the European Commission has approved the transaction.

“This is an important milestone confirming the even brighter future that lies ahead for MotoGP.”

Wolff suggests Antonelli unlikely to be dropped


Red Bull’s future could be ’difficult’ – Vettel

F1 – FOM – Liberty Media

Read More

Avatar

machotech

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Eagles’ Jason Kelce, Fletcher Cox Back Nick Sirianni to Continue as HC Despite Rumors
Eagles' Jason Sports

Eagles’ Jason Kelce, Fletcher Cox Back Nick Sirianni to Continue as HC Despite Rumors

Timothy Rapp@@TRappaRTFeatured Columnist IVJanuary 17, 2024 Kevin Sabitus/Getty Images Philadelphia Eagles head coach Nick Sirianni’s job security has been called
Rory McIlroy Pitches Global ‘Champions League’ Format for Golf amid LIV Negotiations
McIlroy Pitches Sports

Rory McIlroy Pitches Global ‘Champions League’ Format for Golf amid LIV Negotiations

Joseph Zucker@@JosephZuckerFeatured Columnist IVJanuary 17, 2024 Luke Walker/Getty Images Rory McIlroy pitched a new vision for the sport of golf