Canadian pension fund buys 39% of Dorna
The Canada Pension Plan Investment Board (CPPIB) has agreed to bu🎃y a 39% stake in Dorna Spo🍎rts from private equity firm Bridgepoint.
The deal is for an✱ undisclosed sum꧂, rumoured by to be in the region of 400 million euros ($518 million).
The CPPIB stake is alongside current shareholders, Br💎idgepoint and Dorna management. D🌊orna holds the commercial rights to MotoGP until 2036.
Bridgepoint became Dorna's majority shareho൩lderᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚ in 2006 and then acquired Infront Sports & Media last September, which included World Superbike organiser Infront Motorsports.
It was recently announced th💛at both MotoGP and WSBK will be integrated within Dorna, 𓆉and this expansion appears to have prompted the CPPIB investment.
Dorna CEO Carmelo Ezpeleta said: "I welcome CPPIB as a new shareholder. Alongside Bridgepoint, we now have long-term institutional support in place as we bring together for the first time the two top motorcycle racing💖 series under one roof and as we develop and strengthen both championships."
"We look fo🔯rward to working together with Dorna's CEO, Carmelo Ezpeleta, his management team and Bridgepoint to continue Dorna's global growth and to pursue exciting opportunities to expand into 🐷emerging markets," said Andr? Bourbonnais, Senior Vice-President of Private Investments at CPPIB.
Founded in 1988, Dorna has run MotoGP since 1992.
🍌Peter has been in the paddock for 20 years and has seen Valentino R🌠ossi come and go. He is at the forefront of the Suzuki exit story and Marc Marquez’s injury issues.
