Liberty Media Acquires 86% of MotoGP in Billion-Dollar Deal
Billionaire investor John Malone’s Liberty Media has made a major move in the world of sports by acquiring 86% of Dorna Sports, the exclusive rights holder to the MotoGP world championship. The deal, valued at 4.2 billion euros (or $4.5 billion), expands Liberty’s sports assets, which already include Formula 1 racing.
MotoGP is known for its high-speed races, with top speeds exceeding 360 kilometers per hour and lean angles of over 60 degrees. The championship has come a long way since its inception in 1949, now hosting 21 races across 17 countries for the 2024 season. The business has a strong financial profile, with diversified revenue streams and high EBITDA margins.
Carmelo Ezpeleta, CEO of Dorna since 1994, will continue to lead the business under Liberty Media’s ownership. Liberty Media CEO Greg Maffei expressed excitement about the acquisition, highlighting MotoGP’s global fan base and financial potential. The deal will see Liberty Media acquiring 86% of MotoGP, with the management team retaining approximately 14% equity in the business.
The transaction will be a mix of cash, shares of Series C Liberty Formula One common stock, and retained management equity. The deal is expected to close by the end of the year, with the existing debt balance at MotoGP remaining in place. Both parties are optimistic about the future of MotoGP under Liberty Media’s ownership, with plans to expand the sport’s reach and grow its fan base worldwide.