This deal was given approval by the European Commission on 21 March 2006 subject to the sale of Dorna Sports. In November 2005 CVC Capital Partners announced it was to acquire the 25% and 48% shares of Bambino and Bayerische Landesbank in Formula1 commercial rights' holder SLEC and acquired the shares of JPMorgan Chase in December 2005. McLain, one of the founders of CVC and formerly an executive of Citibank (CVC was spun out of Citibank in 1981), was present at several motorcycle Grand Prix events in 1998 but, confident in the ability of Dorna CEO Carmelo Ezpeleta, has left the running of the company to the Spaniard, as well as the almost completely Spanish Dorna executive leadership. The purchase was closely supervised by American Hardy McLain, cost $80 million (approximately), half of which was needed to pay off Dorna debt. Set up by Banco Banesto as Dorna promocion del deporte, the company was sold to CVC Madrid in 1998 as the operation developed internationally and was renamed Dorna Sports.
The move was highly criticized by the critics, as they considered MotoGP as the willing accomplice in Kingdom’s sportwashing strategy.
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On 5 September 2022, Dorna Sports and Saudi Motorsport Company (SMC) signed a Memorandum of Understanding (MoU) to bring the world’s premier motorcycle racing series to Saudi Arabia. Hence, in its efforts to bring about the change from 500 cc racing to MotoGP four-stroke racing, Dorna has obtained the world championship organization rights from the FIM ( Fédération Internationale de Motocyclisme) which is the world governing sole body of motorcycling with authority to organise motorcycle world championships. The costs of developing specialist two-stroke engines, which created non-commercial end products, was not sustainable. The company also participates in the management and marketing of other motorsports properties, including: the Spanish Road Racing Championship (CEV), the British Superbike Championship (BSB) and the Trials World Championships (Indoor and Outdoor).ĭorna recognised, with support from manufacturers, that a change was needed in the sport. Since 1992 Dorna has been the exclusive holder of all commercial and television rights relating to the World Championship series and since 2013 the Superbike World Championship.
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