Liberty Media has taken the next step towards its ownership of the MotoGP Worl🃏d Championship afteไr filing the acquisition with the European Commission for approval.

The US company and current owners of Formula 1 annoꦏunced earlier this year that it had acquired an 86% majority to buy Dorna Sports and MotoGP.

Ever since, Liberty has been going through the necessary regulatory processes to get the acquisition𒁏 co💙mpleted by its year-end target.

On Thursday during Liberty’s Investor Day, CEO Greg Maffei confirmed the company’s MotoGP buyout was 🌌filed with the൩ European Commission.

He said:♚ “Just on MotoGP for a moment; we did file this morning [Th🐻ursday] with the EC for regulatory approval and we expect to be on track to receive that by year-end.”

Maf🐲fei added: “When you look at the weekend, at MotoGP, we really have a progression of sprint events, Moto2, Moto3 and then obviously MotoGP itse♈lf.

“Those very succes💎sful feeder series are not only important for ☂building fan engagement, but they also provide broadcasters with up to 25 hours of content that they can use over the weekend.

“This is a great bus🎶iness; it is a rare opportunity to acquire a global league-level asset with centralised commercial rights and diversified revenue stream and quite high profitability.

“The fanbase has 𝓀been growing already before Liberty's involvement. Year to date, attendance is up about 9% on a like for like basis, and they're maintaining the record levels that they saw in 2023ཧ.”

The EC’s deadline to take a d🐬ecision on Liberty’s purchase of MotoGP is 19 December.

Maffei🙈 also announced earlier this week that he will be stepping down from his role as Liberty CEO at the end of the year.

Should its acquisition be approved, Li🤡berty will own F1 and its feeder series, MotoGP and all other Dorna properties - including World Superওbikes - while sister company Liberty Global owns Formula E.

This has prompted fears fr✱om some corners over Libert🔜y operating a monopoly in motorsport.

When CVC Capital purchased F1 in 2006 it was forced to give up its🍨 interest of MotoGP by competition regulators.

However, Liberty has been confident from the beginning that this will not be the case this time around.&nb🍸sp;