News Details
Formula 1 secures $2.55 billion loan ahead of MotoGP takeover
© XPB Phillip van Osten
11/09/2024 at 13:46 Formula 1 secured on Tuesday a $2.55 billion loan package to help finance Liberty Media’s acquisition of MotoGP. Liberty initially sought an $850 million leveraged loan for the purchase. It later added a US$1.7 billion term loan refinancing. Both loans mature in September 2031, according to Bloomberg. Liberty’s take-over of MotoGP – valued at $4.2 billion – was announced last April. The acquisition, funded by a combination of shares and cash, represents an 86% stake in Dorna Sports, while the remaining 14% will remain with MotoGP’s management. Speaking at a Goldman Sachs Communacopia & Technology Conference on Wednesday,...
Full Story »
Full Story »
You May Also Be Interested In...
Hulkenberg admits first Sauber stint was a mistake
Sep.10 Nico Hulkenberg admits his first decision to join the Sauber team...
1y ago from OneStopStrategy.com
Aston Martin F1 set for $2 billion valuation following...
© XPB Phillip van Osten
07/09/2024 at 13:1107/09/2024 at 13:12...
1y ago from F1i.com
Santander to partner with Formula 1 following Ferrari...
©Ferrari Phillip van Osten
05/09/2024 at 08:4205/09/2024 at 09:42 Global...
1y ago from F1i.com
Lenovo seals global partnership deal with Formula 1
© XPB Michael Delaney
05/09/2024 at 18:4305/09/2024 at 20:09...
1y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
2025 MotoGP Thailand Grand Prix – How to watch,...
No description available...
7h ago from Motorsport.com
Marc Marquez lacking same strength as last year after...
No description available...
13h ago from Motorsport.com
Why KTM's MotoGP challenge may no longer be a one-man...
No description available...
12h ago from Motorsport.com
The big 2025 lesson Alex Marquez will apply in 2026
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
How to watch 2026 IndyCar and NASCAR at St. Pete:...
No description available...
4h ago from Motorsport.com
PREMA confirmed to miss opening IndyCar round
PREMA will not be present for this weekend’s season-opening round of...
1d ago from MotorsportWeek.c...
Marcus Ericsson going into 2026 season with “chip on...
No description available...
1d ago from Motorsport.com
Ed Carpenter Racing enter technical partnership with...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
15h ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
1d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'I would like to see a change' - Former Manchester...
Former Manchester City and Arsenal star Bacary Sagna has claimed that he...
13h ago from SportsKeeda.com
Paul Merson predicts Arsenal vs Chelsea and other...
Another week rolls on in the Premier League and we've also got Friday...
12h ago from SportsKeeda.com
Will the visit to Dr. Tottenham be a title race...
League titles and big trophies are largely won by tangible elements....
13h ago from Arseblog.com
“They are absolute number one, even ahead of...
Former Real Madrid midfielder Sami Khedira reckons Bayern Munich are the...
14h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin address Lawrence Stroll sale rumours after...
Aston Martin's CEO has spoken out after the... Read More »
4h ago from GPFans.com
F1 2026 power unit saga takes fresh twist - report
After a compromise was struck during the F1... Read More »
16h ago from RacingNews365.com
F1MATHS: A Technical Analysis of Formula One’s 2026...
The aerodynamic regulations that will come into... Read More »
2h ago from F1Technical.net
