Liberty Media's MotoGP takeover sparks talk of a Formula 1-style surge
Liberty Media, which now controls MotoGP, is banking on former F1 team boss Guenther Steiner to help the bike series grow into a global spectacle.
Liberty Media's recent acquisition of a controlling interest in MotoGP for roughly £3.6 billion has set the stage for an ambitious growth plan modeled on Formula 1's recent success. The company has placed Guenther Steiner, the outspoken former Haas team principal, at the helm of the Red Bull KTM Tech 3 outfit, tasking him with expanding the sport's appeal. Steiner compares MotoGP to F1 two decades ago, noting its lower-cost platform and the excitement of its on-track action, while insisting the racing itself needs no overhaul.
The British Grand Prix at Silverstone, scheduled for a weekend with limited competing sports, aims to attract about 50,000 spectators, a figure not seen since Valentino Rossi's final season. With a record-breaking 22-race calendar spanning five continents, the series eyes larger markets such as the United States and India. Steiner envisions a media strategy that builds rider personalities and rivalries, potentially through a documentary series similar to "Drive to Survive," to boost fan engagement worldwide.
Why it matters
The shift could turn MotoGP into a major worldwide sport, creating new revenue and fan opportunities.
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