Greg Maffei, CEO of Liberty Media, owner of Formula 1, is convinced that the group's acquisition of MotoGP will go through.
Liberty Media's intention to also buy the two-wheeled equivalent of F1 was announced last April, pending financing and regulatory approval.
Maffei is now confident the deal will be completed by the end of the year.
“We have obtained all the necessary financing for our MotoGP acquisition project,” he said during the presentation of Formula 1's third quarter financial results.
Liberty Media plans to buy 86 percent of the sport, for a deal valued at more than 4 billion euros.
However, the biggest hurdle will be approval from the European Commission, as F1's former owner CVC was banned in 2006 from owning both Formula 1 and MotoGP.
“We are making progress with the European Commission,” Maffei said, “which constitutes the only remaining jurisdictional regulatory hurdle. We continue to hope for a resolution by the end of the year.”
