Behind the glamour, passion and engineering excellence that is MotoGP lies a world which receives a lot less attention, but is at least as important: the world of finance. For running a motorcycle road racing world championship costs money, and though the goal of any enterprise - including running a world championship - is to make a profit, in a world of declining motorcycle sales and economic uncertainty, making money in motorcycle racing is no easy feat.
That task is especially difficult for Bridgepoint Capital, the venture capital firm that took a controlling stake in Dorna back in 2006. Bridgepoint reportedly paid CVC some EUR 550 million for the stake in Dorna, an amount that was widely regarded even at the time as a very generous valuation, especially as CVC had acquired Dorna for around GBP 45 million just 8 years earlier in 1998. The purchase was funded in part by loans taken out by Bridgepoint from a range of banks.
Alvaro Bautista Lenfranco Baviera Richard Bay Jean Michel Bayle Jean Pierre Bayle
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