Joined Feb 2007
6K Posts | 58+
Rovrum S,Yorks Eng
MotoGP up for sale in the New Year?
Stories circulating in the City of London and upper echelons of the sport suggest that Dorna, owners of MotoGP, will be put on the block in the first half of next year. It is said that exploratory offers have already been received from a number of financial institutions and this has encouraged the Spanish company to sell.
Dorna is majority-owned by investment company Bridgepoint which is headquartered in London but has offices in some of the major European cities including Madrid. They are now in their fourth year of ownership having acquired it from another financier CVC for a sum in the region of €450m. CVC is now the owner of Formula 1.
"It is normal for investment, or private equity, companies as they are known to buy and sell companies in three to five years but recently, because valuations have fallen, they have been prepared to hang on for a bit longer," said a City source.
"But with Valentino Rossi's days as a big drawing card now limited to perhaps a couple of years with Ducati, Dorna will want to capitalise on the novelty of Rossi plus Ducati while it lasts."
In the last couple of years Dorna chief Carmelo Ezpeleta, also a sizeable shareholder, has become painfully aware of the problems facing MotoGP, mainly the cost of running teams and the consequent reductions of numbers on the grid. Mot 2 was successfully introduced, at no small cost, and Moto3 follows in 2012.
The season after next will also see a change in the formula to 1000cc in an effort to inject some excitement into a series which even Rossi criticised as being dull.
How much is MotoGP worth? Investors such as Bridgepoint not only want to get their money back, much of which is borrowed from banks whose names have recently become all too familiar to us recently, they like to double it.
Although it is said that figures in excess of the purchase price have been proffered, an expert in company takeovers said it could be a hard sell unless there was a dramatic turnaround in its popularity and the financial markets took a turn for the better.
http://www.bikesportnews.com/news-d...otoGP-up-for-sale-in-the-New-Year&newsid=7046
yes plz and if possible with any take over get shut of the old regime Ezpeleta < good riddance
Stories circulating in the City of London and upper echelons of the sport suggest that Dorna, owners of MotoGP, will be put on the block in the first half of next year. It is said that exploratory offers have already been received from a number of financial institutions and this has encouraged the Spanish company to sell.
Dorna is majority-owned by investment company Bridgepoint which is headquartered in London but has offices in some of the major European cities including Madrid. They are now in their fourth year of ownership having acquired it from another financier CVC for a sum in the region of €450m. CVC is now the owner of Formula 1.
"It is normal for investment, or private equity, companies as they are known to buy and sell companies in three to five years but recently, because valuations have fallen, they have been prepared to hang on for a bit longer," said a City source.
"But with Valentino Rossi's days as a big drawing card now limited to perhaps a couple of years with Ducati, Dorna will want to capitalise on the novelty of Rossi plus Ducati while it lasts."
In the last couple of years Dorna chief Carmelo Ezpeleta, also a sizeable shareholder, has become painfully aware of the problems facing MotoGP, mainly the cost of running teams and the consequent reductions of numbers on the grid. Mot 2 was successfully introduced, at no small cost, and Moto3 follows in 2012.
The season after next will also see a change in the formula to 1000cc in an effort to inject some excitement into a series which even Rossi criticised as being dull.
How much is MotoGP worth? Investors such as Bridgepoint not only want to get their money back, much of which is borrowed from banks whose names have recently become all too familiar to us recently, they like to double it.
Although it is said that figures in excess of the purchase price have been proffered, an expert in company takeovers said it could be a hard sell unless there was a dramatic turnaround in its popularity and the financial markets took a turn for the better.
http://www.bikesportnews.com/news-d...otoGP-up-for-sale-in-the-New-Year&newsid=7046
yes plz and if possible with any take over get shut of the old regime Ezpeleta < good riddance
