Rival motor series 'close' to being purchased by F1 owners in £3.5 billion deal

A multi-billion pound deal put forward by Formula 1's owners Liberty Media is 'close' to being completed, according to reports.

It was revealed earlier this month that the American mass media company were looking to expand their portfolio, with one particular motorsport series catching their eye.

READ MORE: Sovereign fund now FULLY owns historic F1 team

They have pioneered the success of Drive to Survive, a North American expansion and rapid worldwide growth for F1, and may be looking to do the same thing with a two-wheeled sport.

MotoGP has also been the subject of huge growth in recent times, and it has been discussed the idea of a race weekend in which both motorbikes and F1 cars race around the same circuit.

Liberty Media MotoGP deal 'close'

Now, a crossover may be even more likely to happen, with an announcement on Liberty Media's deal to acquire MotoGP expected next week some time.

That's according to the Financial Times, who have also revealed that Qatar Sports Investments - the owners of French football club Paris Saint Germain - were also interested in a deal.

They say that buying MotoGP would give Liberty Media, led by chief executive Greg Maffei, the chance to prove that its success in growing the popularity of F1 was not a one-off.

MotoGP heads to the US next month for the third race of their 2024 season, and it could provide a perfect opportunity for the proposed new owners to make a statement and be present at the Circuit of the Americas.

READ MORE: Vettel reveals TIMELINE for stunning return to F1

Related

F1 News & Gossip

F1 owner ROCKED by shock resignation

• November 14, 2024 05:00

Latest F1 News

US Department of Justice start F1 probe over Andretti ruling

• August 9, 2024 16:00