Liberty Media bought the rights to Formula 1 back in 2016, and since then, the motorsport has skyrocketed its way to success.

According to reports, F1 owners Liberty Media could finalise a deal between themselves and Dorna Sports - promoter of MotoGP, WSBK and MotoE World Championships. Reports state that both Liberty Media and Dorna intend to announce the 4 billion euro deal before the third round of the 2024 MotoGP season scheduled on 12-14 April.

The sale of Dorna Sports has been one of the top priorities for Bridgepoint and Canadian Pension Fund (CPPIB). Dorna executives prefer bids from Liberty Media over some other conglomerates like Qatar Sovereign Wealth Fund, Qatar Sports Investment or even TKO - which owns the rights to the UFC Championship.

Liberty Media bought the rights to Formula 1 back in 2016, and since then, the motorsport has skyrocketed its way to success. The F1 owners even introduced the Netflix documentary "Drive To Survive", which further helped introduce the sport to new audiences in new markets; all while expanding its race calendar to 24 races in the 2024 season.

Liberty Media now wants to replicate the same success with MotoGP.

Source: Motorsport

Five-time Formula 1 champion Lewis Hamilton has questioned the sporting body’s move to host races in new countries like Vietnam. The Vietnam Grand Prix is scheduled to take place in 2020 in Hanoi.

Hamilton instead proposed having multiple races in some European countries. Some of the races he suggested include the German Grand Prix and the Berlin Grand Prix in Germany, London GP and Silverstone GP in England, and one more race in the USA.

Since 2004, the Formula 1 calendar has hosted races in Bahrain, China, Turkey, Singapore, South Korea, India, Russia and Azerbaijan. Liberty Media, the current owners of F1 are also thinking on similar lines to expand the presence of the event to new destinations.

Source: BBC