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
The MotoGP changes Liberty Media should make,...
No description available...
10h ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
1d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
2d ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
8h ago from Motorsport.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
2d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
2d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
7h ago from Motorsport.com
Why M-Sport has faith in youth over experience WRC...
No description available...
13h ago from Motorsport.com
WRC Rally Islas Canarias stays until 2029
WRC Promotor and Rally Islas Canarias have signed a three year extension...
11h ago from MotorsportWeek.c...
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“He’s not going to play” - Tim Sherwood suggests...
Former Premier League manager Tim Sherwood has urged Marc Guehi to snub...
5h ago from SportsKeeda.com
82 Premier League goals: Arsenal almost signed better...
Arsenal must be starting to regret their move to sign Viktor Gyokeres this...
9h ago from CaughtOffside.com
Surprise claim that important Arsenal star 'making...
Arsenal forward Gabriel Martinelli could reportedly be making plans to...
11h ago from CaughtOffside.com
Liverpool and Arsenal tracking forward with £78...
Liverpool and Arsenal are reportedly battling to sign Nico Williams from...
9h ago from SportsKeeda.com
Comments
Hottest News
FIA meeting confirmed amid Mercedes and Red Bull ban fears
The FIA have confirmed that a meeting will take... Read More »
4h ago from GPFans.com
Mercedes axe F1 distraction
Mercedes F1 boss Toto Wolff has confirmed a... Read More »
2h ago from GPFans.com
Audi reveal 2026 shakedown images as Mercedes pay tribute...
Check out the biggest stories of the day with the... Read More »
2h ago from RacingNews365.com
