Europe has authorized Liberty, the owner of F1, to take over MotoGP.

Europe has authorized Liberty, the owner of F1, to take over MotoGP.

      "The agreement is now anticipated to finalize by July 3."

      Europe is no longer an obstacle to Liberty Media's acquisition of MotoGP. Liberty revealed its plan to purchase MotoGP in April 2024, but by December, what started as optimism turned into uncertainty when the European Commission initiated a formal antitrust inquiry into the 4.2 billion euro transaction. What began as assured statements from CEO Greg Maffei transformed into a significant regulatory challenge, with new competition chief Teresa Ribera Rodriguez voicing "serious concerns" regarding market influence and competition among broadcasters. Nevertheless, Liberty and MotoGP have now jointly announced that the European Commission has granted "unconditional approval" for the acquisition. "The agreement is now anticipated to finalize no later than July 3, 2025, paving the way for a new era in the sport," the media release stated. Dorna, the current owner selling MotoGP, has had Carmelo Ezpeleta as CEO for many years. "Today's approval from the European Commission signifies the last requirement for the completion of Liberty's acquisition of MotoGP," stated Derek Chang, CEO of Liberty Media. The 79-year-old Ezpeleta, who will continue to manage MotoGP, remarked: "We are very pleased that the European Commission has endorsed the transaction. This is a significant milestone affirming the even brighter future that awaits MotoGP."

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Europe has authorized Liberty, the owner of F1, to take over MotoGP.

Formula 1 | Europe is no longer an obstacle for F1 owner Liberty Media in acquiring MotoGP. In April 2024, Liberty expressed its desire to purchase MotoGP.