International Dealer News 178 May/June 2024 IDN 178 May/June 2024 | Page 8

news ROOM
Dates / venues subject to change or cancellation . (*) Some dates provisional . " Check before you buy " | Based on information as at 30 / 11 / 23

SHOW

ZONE

Motocross of Nations Matterley Basin , GB • 4-6 Oct www . mxgp . com
Biketoberfest Daytona Beach , FL , US • 17-20 Oct www . biketoberfest . org
Oslo Motor Show Oslo , NO • 25-27 Oct www . oslomotorshow . no
Bigtwin Bikeshow & Expo Houten / Utrecht , NL • 1-3 Nov www . bigtwin . nl
SEMA Las Vegas , US • 5-8 Nov www . semashow . com
EICMA (# 81 ) Milan , IT • 6-10 Nov www . eicma . it
International Motorcycle Safety
Cologne , DE • 5-6 Dec www . ifz . de
Motorcycle Live Birmingham , GB • 16-24 Nov www . motorcyclelive . co . uk
Custombike Show Bad Salzuflen , DE • 29 Nov-1 Dec www . custombike-show . de
INTERMOT Cologne , DE • 5-8 Dec www . intermot-cologne . de

2025

Motor Bike Expo ( MBE ) Verona , IT • 24-26 Jan www . motorbikeexpo . it
Motorradwelt Bodensee Friedrichshafen , DE • 24-26 Jan motorradwelt-bodensee . com
MP Motorcycle Show Helsinki , FI • 31 Jan-2 Feb mp . messukeskus . com
International Motorcycle Exhibition Hessen
Wiesbaden , DE • Feb www . motorradmessen . de
MP Motorcycle Show Helsinki , FI • 31 Jan-2 Feb mp . messukeskus . com
AIMExpo Las Vegas , NV , US • 5-7 Feb www . aimexpousa . com
Motorrad Messe Leipzig Leipzig , DE • 7-9 Feb www . zweiradmessen . de
Classic Dirt Bike Show Telford , GB • 8-9 Feb www . classicbikeshows . com
2024
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in the EU , and especially now , given the less than wholly positive reactions that many of Liberty ' s Formula 1 policies and decision-making have received in the seven years of its F1 ownership so far . It is highly likely that it will also receive a mixed reaction from race fans who have already seen the costs associated with their enthusiasm ' steeple ' in the past decade . The Reuters news agency quotes Maffei and Liberty ' s chief legal officer Renee Wilm telling investors that the situation was different now and they were confident on the regulatory side . " We believe there is a broad market for sports and entertainment properties , of which both F1 and MotoGP are only a small subset , and that the market has continued to change from the time when this was previously reviewed in a major way ," said Maffei . " These are both separate properties . The things that we are bringing to the table here are not in any way leveraging the two . We believe the regulatory process will move quickly and smoothly , but will take the time they need , and this deal will get done ." Wilm said Liberty would be filing with the EU , UK , Brazil and Australia for anti-trust clearance and making FDI ( Foreign Direct Investment ) filings in Spain and Italy . " We think those should be done pretty quickly and that the anti-trust clearance should be obtained by the end of the year so we can have a Q4 closing ," she added . Canada Pension Plan Investment Board ( CPPIB ) bought a 39 % stake in Dorna from Bridgepoint in 2012 . The remaining shares were owned by
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say that " the focus on quality and reliability has resulted in the consolidation of MV Agusta ' s reputation and credibility among a growing global customer base . As a result , the company is now on track to achieve net profit for the first time in many years . In 2023 alone , MV Agusta introduced five new models , and all limited series were sold out within hours of their launch . Additionally , a new dealer network was established , further reinforcing the brand identity . " With this move , the Austrian group reaffirms its interest and commitment to the MV Agusta brand , considering the strong results achieved in recent years under the guidance of the Sardarov family , who will maintain joint control and a 49.9 % stake in the company ".
“ This is the perfect next step in the evolution of MotoGP , and we are excited for what this milestone brings to Dorna , the MotoGP paddock and racing fans ,” said Carmelo Ezpeleta , CEO of Dorna .
Dorna management , whose stake has dropped to 14 % following the takeover . Bridgepoint said in a statement that
Timur Sardarov is to remain involved with MV Agusta as Vice Chairman , brand ambassador and consultant .
the transaction represented the transfer of all its existing stake and that of CPPIB to Liberty . Dorna Sports , which was roughly 40 % owned by British private investment company Bridgepoint Group , also promotes the World Superbike Championship and all-electric MotoE as well as Moto2 and Moto3 junior categories . Maffei noted , in an interview with CNBC television , that Formula One had only one grand prix in the United States when Liberty took over and now has three . MotoGP currently has one U . S . race on a 21-round calendar that includes Asia and the Middle East , but with a European heartland dominated by Spain and Italy . " I ' m not suggesting we ' re going to get to three , but the opportunity to grow in the U . S . and in other markets and other geographies is very exciting ," said Maffei . The Liberty Media Group is a threedivision conglomerate , a multinational telecommunications company with headquarters in London , Amsterdam and Denver , and had an annual revenue of US $ 8.95bn in 2023 ( down from $ 11.5bn in 2019 ) and over 20,000 employees worldwide .
Sardarov went on to state that " MV Agusta embodies passion and a unique sense of romance that captivated me , a seasoned entrepreneur , from day one . The personal challenge of guiding the company out of crisis and steering it towards success through innovative business strategies , team expansion and new product developments has been conquered . It is an honour to play a role in shaping MV Agusta ' s legacy . " Over the past five years , both the company and I have evolved significantly . Our growth together is a testament to the transformative journey we ' ve shared . My time with MV Agusta has been a pivotal chapter in my life , filled with mutual joys and challenges . As I continue to serve as a dedicated Vice Chairman , I am committed to supporting the company and its ongoing success .”
8 INTERNATIONAL DEALER NEWS - MAY / JUNE 2024 www . idnmag . com