During the Tottenham takeover transaction, Formula One owners negotiate a £3.6 billion contract for a project.
Owners of Formula One, Liberty Media, who were previously connected to Tottenham Hotspur investments, have acquired MotoGP for a reported £3.6 billion.
The company’s CEO made a suggestion in the summer that he would be interested in purchasing a Premier League team. The American mass media company, which acquired Bernie Ecclestone in 2017 for a reported £3.3 billion, has had a remarkable ascent in Formula One.
CEO Gregg Maffei acknowledged that the business had considered every opportunity in the Premier League, but he also hinted that the ideal agreement had not materialized.
“I would dispute buying on the cheap,” he responded. “We like to buy for a fair price then hopefully build value.”
“You bring up the Premier League teams; there’s not a single asset we haven’t examined,” he continued. That doesn’t mean we’ve been prepared to purchase them all, but we’ve looked at them all because we believe sports are appealing in general, have benefits, and that the lessons management teams have learned may be useful in other sports-related contexts.
But now the media corporation has bought the MotoGP motorcycle series from the Spanish business Dorna Sports. They will acquire almost 86% as a result of the acquisition, which should close by year’s end.
Seeking Tottenham investment with a clear FFP status, Daniel Levy has an awkward situation with his bonus.
“MotoGP is a worldwide league with an ardent and devoted fan base, captivating racing, and a highly profitable profile that generates cash flow,” Maffei stated.
“The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders.”
Following Daniel Levy’s admission that Tottenham is in talks with potential investors, Liberty Media is anticipated to be associated with the club as possible investors. Levy’s remarks follow Spurs’ record-breaking £549.6 million in income for the 2022–2023 season.
The chairman of Spurs acknowledges that the North London squad must “continue to invest in the teams and that the board and its advisors, Rothschild & Co., are in discussions with prospective investors.”
