MotoGP is expecting revenue to slump by at least a third

The private equity backed owner of MotoGP, the elite motorcycle racing series, is expecting revenue to slump by at least a third this year as pandemic restrictions limit races and keep spectators away. Motorsports have been left particularly exposed to disruption from the coronavirus pandemic due to a reliance on staging races around the world in front thousands of fans. With roughly 30 per cent of its almost €400 million revenues coming from circuits, Dorna Sports, the exclusive promoter of MotoGP and the Superbike World Championship, is expecting revenue to drop by roughly the same magnitude… MotoGP says attendance at 16 of its races in 2018 exceeded the 100,000 threshold, with a total attendance across all 19 reaching almost 2.9 million… The drop is a blow not only for Dorna but also for its main shareholder, Bridgepoint, the London-based private equity firm, and the Canadian Pension Plan Investment Board, which owns 39 per cent. Formula One, the car racing competition owned by Liberty Media, the US group controlled by billionaire John Malone, face similar concerns amid the pandemic. MotoGP aims to resume its season on July 19 in Spain after being forced to postpone races in March. It is unclear whether any of this year’s events — there will be a maximum of 17 — will take place outside of Europe. 

Samuel Agini