Liberty Media Acquires Majority Stake in MotoGP, Carmelo Ezpeleta to Remain CEO

In a groundbreaking move, Liberty Media Corporation has announced its acquisition of the MotoGP World Championship, marking the first time that Formula 1 and MotoGP will be under the same ownership. The deal, valued at €4.2 billion ($4.53 billion), is set to be completed by the end of 2024.

Under the agreement, Liberty Media will acquire 86% of MotoGP, while the championship’s management will retain a 14% equity. Current MotoGP CEO Carmelo Ezpeleta will continue to lead the championship, ensuring continuity in leadership.

“We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP,” said Greg Maffei, Liberty Media President and CEO. “MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing, and a highly cash flow generative financial profile.”

The deal is subject to clearances and approvals by competition and foreign investment law authorities in the respective jurisdictions. This acquisition represents a significant milestone in the world of motorsports, bringing together two of the most prestigious racing championships under one umbrella.

With Liberty Media’s track record of transforming Formula 1 into a global phenomenon, fans can expect to see similar growth and development in MotoGP. The company’s strategic approach to expanding the fan base and commercial opportunities for the sport bodes well for the future of MotoGP.

As the motorsports world eagerly anticipates the completion of this acquisition, the collaboration between Liberty Media and MotoGP is poised to usher in a new era of innovation and growth for the championship. Stay tuned for more updates on this exciting development in the world of motorcycle racing.