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
How Raul Fernandez is chasing his next MotoGP contract
No description available...
17h ago from Motorsport.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
2d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Complete IndyCar championship standings after Phoenix
No description available...
8h ago from Motorsport.com
Alex Palou's 100th IndyCar start ends in early crash...
No description available...
10h ago from Motorsport.com
Josef Newgarden earns thrilling IndyCar win at Phoenix
No description available...
9h ago from Motorsport.com
Will Power “ran me into the wall” says Rasmussen...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
2d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bargain asking price: Liverpool & Arsenal...
Clubs like Liverpool and Arsenal could reportedly be in luck as Real...
12h ago from CaughtOffside.com
Supercomputer predicts unthinkable Tottenham...
The Premier League table has been given a radical shake-up as a...
16h ago from CaughtOffside.com
Ashley Cole makes honest admission when asked if...
Chelsea legend Ashley Cole believes Arsenal can win the quadruple this...
15h ago from SportsKeeda.com
Arsenal looking to reinforce squad with 100m...
Arsenal have stepped up their pursuit of Newcastle United midfielder...
17h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton rues lost F1 Australian GP result after...
Lewis Hamilton was left to rue a potential lost... Read More »
53m ago from MotorsportWeek.com
Aston Martin unretire both cars as Adrian Newey oversees...
Aston Martin boss Adrian Newey watched on from... Read More »
1h ago from GPFans.com
Charles Leclerc highlights 'cheeky' FIA employee after...
The Australian GP saw F1's new start procedure in... Read More »
1h ago from RacingNews365.com
