Formula 1 owner's Liberty Media are reportedly set to face a detailed investigation into its proposed takeover of MotoGP by the European Union, according to Bloomberg.
The financial news agency has reported that an investigation into the purchase is set to be announced later this month, almost eight months on from Liberty Media announcing the deal.
It was earlier this year in April when Liberty Media announced its proposed deal to takeover MotoGP rights holder Dorna, with paperwork having been submitted to EU commissioner Teresa Ribera last month.
A deadline for further information to be received is set for December 19, with regulatory approval over the €4 billion deal remaining a sticky point.
The biggest concern over the deal is that it would see the world's biggest motorsport championships controlled by the same company, which could have implications for the broadcast market.
According to Bloomberg, Ribera will order a more detailed assessment of the proposed takeover, which will result in a significant delay to Liberty Media's purchase.
A Liberty Media spokesperson told Bloomberg that the organisation is continuing to “work constructively” with EU regulators as part of the review and that it is hopeful that it “will understand the dynamic nature of the market.”
Also interesting:
Join RacingNews365's Ian Parkes, Sam Coop and Nick Golding, as they review the remarkable 2024 F1 season! How Max Verstappen secured a fourth drivers' title is discussed, as is Lewis Hamilton's disappointing performance in his final season with Mercedes.
Rather watch the podcast? Then click here!
The famous RN365 calendar download is back! Add the 2025 F1 calendar to your schedule with one click and don't miss a second of the new F1 season.
Download the F1 calendarMost read
Join the conversation!