In early April, Formula 1 owners from Liberty Media name about buying a company Dorna Sports SLwhich owns the commercial rights to MotoGP.
Under the terms of the deal, Dorna’s 86% stake in Liberty Media must be paid $5 billion. About two thirds by bank transfer and a third by Formula 1 shares.
However, the prospectus issued by Liberty Media states that they intend to sell 10,650,000 ordinary shares of Formula 1 to finance part of the transaction from net profits.
A spokesman for the company said that if the shares are not sold, it would not delay the Dorna construction – the deal should be completed by the end of the year.
The MotoGP business will be part of the Formula 1 Group, but will operate independently of Formula 1. This is a requirement for regulators to avoid antitrust issues that could arise from joint ownership of two major sports competitions. – and four-wheelers of the world.
2024-08-22 07:42:00
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