Achi news desk-
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Liberty are said to be poised to seal a deal after beating off rival interest from Qatari owners Paris Saint-Germain and sports and entertainment group TKO, according to Britain’s The Financial Times.
Formula One owners Liberty Media are close to a four billion dollar purchase of the company that runs MotoGP, various media reported on Thursday.
Buoyed by its success in the four-wheel fast lane, Liberty is now looking to strengthen the lucrative two-wheel series run by Madrid-based Dorna Sports.
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Liberty are said to be poised to seal a deal after beating off rival interest from Qatari owners Paris Saint-Germain and sports and entertainment group TKO, according to Britain’s The Financial Times.
As well as MotoGP Dorna also has the rights to the Superbike championship and the electric bike series MotoE.
If successful Liberty will not be the first conglomerate to own F1 and MotoGP.
CVC Capital Partners held that position until they were forced to sell MotoGP in 2006 to buy F1 after concerns were raised by European Union competition regulators.
Since Liberty paid CVC eight billion dollars for F1 in 2017 the sport has enjoyed a surge in popularity and the company’s CEO Greg Maffei suggested last year that while F1 was not for sale, it was now worth “hell of much more” than $20 billion. .
Neither Dorna nor Liberty were made available for comment by AFP.
