OPINION: Liberty Media’s acquisition of Dorna Sports means it now owns the world’s top motor racing championships in Formula 1 and MotoGP.
It is a blockbuster deal that will get the financial markets hot and bothered. Liberty Media's acquisition of Dorna Sports from Bridgepoint Capital has come in a deal worth €4.2 billion. That's not bad for a company that was worth around €500 million in 2006, when Bridgepoint bought Dorna from CVC in 2006 after the latter was forced to get rid of it by the European Commission at a time when it also owned F1.
This is meant in no way a slight, but motorsport fans can be an incredibly stubborn bunch. Liberty's takeover of F1 was – and still is, in some respects – a case and point of this. Liberty's understandable push to break the American market came with stars and stripes showmanship, which to begin with was derided by fans and some of the long-in-the-tooth members of the paddock.
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