According to information obtained by News, Bridgepoint, the largest shareholder in Dorna Sports, the parent company of Moto GP, is requesting a valuation of up to €4 billion (£3.4 billion) in its talks with potential bidders.
The owner of Formula One, Liberty Media, is thought to be the leading bidder for Dorna, however several other parties are apparently vying for its business.
This past weekend, a source claimed that Bridgepoint was working to reach a deal to sell Dorna in a few weeks, but they emphasized that the process was still competitive and that a transaction might not close in the allotted time.
They said that the final price might differ from the current €4 billion goal.
During Bridgepoint’s eighteen years of ownership, Moto GP has grown globally, and a notable surge in profitability has been driven by its commercial income.
