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...
1w 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...
1w 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...
2w 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...
1w ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Miller joins Pramac Yamaha to complete 2025 MotoGP grid
No description available...
1h ago from Motorsport.com
MotoGP to return to Hungary in 2025 with new Balaton...
No description available...
3h ago from Motorsport.com
Who gains the most from MotoGP's engine freeze?
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
Palou now among the greatest ever IndyCar drivers –...
Alex Palou is IndyCar’s newest three time champion, clinching the title...
23h ago from MotorsportWeek.c...
Herta aiming to be a 2025 IndyCar title threat after...
No description available...
1d ago from Motorsport.com
Callum Ilott teams up with PREMA for 2025 IndyCar...
PREMA has announced Callum Ilott as its first driver to spearhead a brand...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC selects women’s driver development programme...
No description available...
17h ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
3d ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Pajari to replace Katsuta in Chile as Toyota hands...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Kevin De Bruyne injury: Why Arsenal will be relieved...
Sports Mole takes a look at why the potential injury absence of Kevin De...
1h ago from SportsMole.co.uk
Barcelona Transfer News Roundup: Catalans eyeing...
No description available...
1h ago from SportsKeeda.com
'He’s growing a lot' - Jorginho makes bold claims...
No description available...
1h ago from SportsKeeda.com
Arsenal eye surprise move to sign Barcelona star -...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
FIA issue clarification on McLaren rear wing legality
McLaren's F1 rear wing attracted attention after... Read More »
5h ago from RacingNews365.com
Audi F1 project could see star DITCH current team
A Formula 1 driver could leave his current team... Read More »
5h ago from GPFans.com
F1 News Today: Mercedes announce huge change as F1 star set...
Mercedes have unveiled a new car design ahead of... Read More »
4h ago from GPFans.com
