The European Union has given a green light for the purchase of MotoGP by Liberty Media, an American company that already runs Formula 1.
The acquisition, announced in April last year, was officially approved after an investigation by the European Commission, which concluded that the business does not threaten competitiveness in the distribution of sports rights in the European economic space.
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As a result, Liberty Media will control 84% of MotoGP shares, while the remaining 16% will continue under the management of the category, led by Carmelo Ezpeleta. The transaction, valued at US $ 5.71 billion, should be completed by July 3. The company sees on MotoGP an asset with high growth potential and plans to expand the global range of competition.
Created in 1949, MotoGP is the world’s leading motorcycle championship and has already consecrated idols such as Valentino Rossi and Marc Marquez. Liberty Media, which also bought Formula 1 in 2016, thus reinforces its presence in the motor sports world.
Source: Globo Esporte | Photo: Instagram @motogp | This content was created with the help of AI and revised by the editorial team
