MotoGP Racing Owners Said to Consider Taking Dividend From DornaBy , , and
Dorna Sports is weighing a more than 200 million-euro dividend
Talks with lenders at early stage, no final decision made
Dorna Sports SL, the company that owns exclusive global rights for the motorcycle road racing championship MotoGP, is considering paying a dividend, according to people with knowledge of the matter.
As part of the plan, Dorna would refinance its existing debt and take out a loan to pay its shareholders a dividend of more than 200 million euros ($211 million), the people said, asking not to be identified because the deliberations are private. Majority owner Bridgepoint Advisers is holding preliminary talks with lenders about the potential deal and no final decision has been made, the people said.
A spokesman for Bridgepoint declined to comment. Dorna and minority investor Canada Pension Plan Investment Board didn’t immediately respond to requests for comment.
Founded in 1988, Dorna is a global sports management, media and marketing company that generates revenues from about 18 Grand Prix races in about 15 countries, as well as television broadcast contracts, sponsorship, advertising and hospitality services. Bridgepoint acquired Dorna in 2006. Six years later, CPPIB agreed to take a 39 percent stake in the group.
MotoGP, the two-wheeled equivalent of Formula One, has gotten a boost from high-profile riders, such as Italy’s Valentino Rossi and Spaniards Marc Marquez and Jorge Lorenzo.