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Formula 1 Owner Liberty Media Buys MotoGP, Expanding Sports Portfolio; Deal Values Motorcycle Racing Circuit At $4.5 Billion
John Malone's Liberty Media will buy inked Dorna Sports, the exclusive rights holder to the MotoGP world championship.
Malone’s Liberty Media has inked a deal to acquire 86% of Dorna Sports, the exclusive rights holder to the MotoGP world championship, from Bridgepoint and Canada Pension Plan Investment Board. “The business benefits from an attractive financial profile with diversified and contracted revenue streams, high EBITDA margins and low capital intensity resulting in significant free cash flow,” Liberty said. “MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile.
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