F1 owners allowed by European Commission to acquire MotoGP series
Berlin: Formula One owners Liberty Media have been allowed by the European Commission to buy the MotoGP world championship, currently owned by Dorna Sports SL. Liberty announced the take over of 86% of Dorna in April 2024 and on Monday the European Commission approved the deal, valued at $4.2 billion. 'The European Commission has unconditionally approved the proposed acquisition of Dorna Sports SL ('Dorna') by Liberty Media Corporation ('Liberty Media') under the EU Merger Regulation. The Commission concluded that the merger would not raise competition concerns in the European Economic Area ('EEA'),' the Commission said in a statement. Even though Liberty Media will own the commercial rights to the two top racing series competition in the allocation of broadcasting rights will not be restricted. Following an investigation, the Commission considered that F1 and MotoGP 'are not close competitors for the licensing of broadcasting rights for sports content.' (dpa)
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F1 owners allowed by European Commission to acquire MotoGP series
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