A bid to buy MotoGP which was worth €200m more than Lꦉiberty Media’s offer was reportedly𝔉 rejected.

The rejected bid came from the TKO Group, who count Ultimate Fighting Championship and World Wrestling Entertainment as the major attractions under their banner🅘, according to the .

Private ൩equity firm Bridgepoint instead sold Dorna Sports, who owned MotoGP, to Liberty for €4.2bn including debt.

Liberty are also the owners of Form𝓀ula 1 meaning they now have the world’s top car and motorcycle racing series.

But TKO were leౠft frustrated that their bigger offer was knocked back.

“We know that our bid was worth €200m more t🍒han the Liberty bid,” CEO Ari Emanuel told the Financial Times.

Bridegpoint did not dis𝄹pute the value of TKO’s bid to the Financial Timesও.

However, 🉐‘a person close to the deal’ was quoted as saying Emanuel and TKO were “culturall🃏y not a good fit”.

‘A person close to TꦛKO’ was quoted in response, claiming Bridgepoint “failed in its fiduciary duty not only to its LPs [limite🐠d partners] but to its shareholders in the public market”.

Liberty must seek regulatory approval to complete their purchase o💮f MotoGP.

Chief executive Greg Maffei insists they 🌳are confident of achieving this.

The doubt comes from a 2006 European Commiss🅠ion 🔯ruling which stopped the same owner from owning F1 and MotoGP over concerns that broadcasters would be disadvantaged when negotiating TV rights.

Liberty argue that the media ma📖rket has changed significantly since 2006, and they plan to keep MotoGP and F1 as sepa💮rate entities.

“We’re going to keep the company independent,” Maf💯🍸fei said.

“We’re certainly not going to be trying to merge and sಞell the product in the TV market as one.”