Liberty To Sell F1 Shares To Fund MotoGP Deal

Catalunya Moto Gp Race Day
June 11th 2017, Barcelona Circuit, Montmelo, Catalunya, Spain; MotoGP Grand Prix of Catalunya, Race Day; Motogp race is underway
Catalunya Moto Gp Race Day
June 11th 2017, Barcelona Circuit, Montmelo, Catalunya, Spain; MotoGP Grand Prix of Catalunya, Race Day; Motogp race is underway

Liberty Media will partly fund its acquisition of MotoGP by selling more than 10 million shares in Formula 1.

“Liberty Media intends to exercise its option to deliver additional cash in lieu of shares of (Formula 1) as part of its previously disclosed proposed acquisition of Dorna Sports,” part of an official media statement read.

The statement implies that Dorna, the commercial rights holder of MotoGP, is demanding to be paid in cash rather than Formula 1 shares.

Liberty announced its deal to buy MotoGP, the two-wheeled equivalent to F1, in early April this year.

The company said at the time that MotoGP will “remain an independently run company attributed to Liberty Media’s Formula One Group tracking stock”.

Comments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in News

George Russell Takes Fourth Career Pole In Las Vegas

George Russell Takes Fourth Career Pole In Las Vegas

George Russell is the Las Vegas Grand Prix poleman. The ...
Formula 1 2024: Las Vegas Gp

2024 Las Vegas Grand Prix: Qualifying Photo Gallery

A selection of images from qualifying for the 2024 Las ...
F1 Grand Prix Of Las Vegas Final Practice

Perez Led To Constructors’ Championship Loss – Marko

Carlos Sainz admits he does not fit the "profile" of ...
2018 Belgian Grand Prix, Friday - Valtteri Bottas

Wolff Hints Bottas Poised For Mercedes Return

Valtteri Bottas appears poised to return to Mercedes next year. ...
F1 Grand Prix Of Australia Qualifying

Nyck de Vries Could Be New McLaren Reserve

Nyck de Vries could soon be back in the Formula ...

Trending on F1 Chronicle