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MotoGP Series For Sale, One Careful Owner |
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| Thursday, 23 March 2006 | |
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Earlier this week the European Commission granted the sale of Formula One to a private investment firm called CVC. This news would be on the wrong website were it not for the fact there was a condition to the sale. CVC also own Dorna who in turn own MotoGP. And the condition is: You can have F1 or you can have MotoGP, but not both. To quote the commission's press release: "The Commission's extensive market investigation showed that the proposed acquisition by CVC of SLEC could significantly reduce competition as regards the selling of the TV rights to these events in Italy and Spain, i.e. the countries within the EU where these events are most popular. In addition, concerns were raised that in Member States where Moto GP is less popular than Formula One, CVC might bundle the TV rights for both events." So in order to ensure the acquisition of F1 goes ahead CVC have 'committed to divest its subsidiary Dorna in its entirety'. MotoGP is soon to be for sale and, despite appearances, the future is looking uncertain. (0) Comment on this article in our forums |
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