Owners of Formula One, Liberty Media, who were previously connected to Tottenham Hotspur investments, have acquired MotoGP
for a reported £3.6 billion.
The company’s CEO made a suggestion in the summer that he would be interested in purchasing a Premier League team. The
American mass media company, which acquired Bernie Ecclestone in 2017 for a reported £3.3 billion, has had a remarkable ascent in
Formula One.
“I would dispute buying on the cheap,” he responded. “We like to buy for a fair price then hopefully build value.”
“You bring up the Premier League teams; there’s not a single asset we haven’t examined,” he continued. That doesn’t mean we’ve been
prepared to purchase them all, but we’ve looked at them all because we believe sports are appealing in general, have benefits, and that
the lessons management teams have learned may be useful in other sports-related contexts.
But now the media corporation has bought the MotoGP motorcycle series from the Spanish business Dorna Sports. They will acquire
almost 86% as a result of the acquisition, which should close by year’s end.
“MotoGP is a worldwide league with an ardent and devoted fan base, captivating racing, and a highly profitable profile that generates
cash flow,” Maffei stated.
“The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our
shareholders.”
Following Daniel Levy’s admission that Tottenham is in talks with potential investors, Liberty Media is anticipated to be associated
with the club as possible investors. Levy’s remarks follow Spurs’ record-breaking £549.6 million in income for the 2022–2023 season.
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