About the danger of Dorna being taken over by Formula 1
What initially circulated through the media as a rumor became official surprisingly quickly over Easter. Formula 1 TV and advertising rights holder Liberty Media intends to take over Dorna by the end of 2024, assuming the announcement on April 1 was not intended as a joke. This would mean that the road world championships for motorcycles with MotoGP and WorldSBK would be under the control of F1 from next year, unless the responsible EU Commission prevents this. However, the takeover is still subject to approval by the competition and investment protection authorities in various countries. Not surprisingly, Dorna CEO Carmelo Ezpeleta, one of the most controversial figures in racing in recent decades, will, according to an official announcement, remain in office until further notice. Given the biblical age of the engineer, who was born in Barcelona in 1946, this is hardly surprising, as his replacement can only be a matter of a few years. What is particularly threatening from a sporting perspective is a spicy detail in the official announcement about the Dorna takeover.
No mention of WorldSBK in the official statement
According to the official announcement, it is intended that Dorna Sports S.L. as the exclusive owner of the advertising and television rights to MotoGP, will remain an independently managed company, which will be allocated to Liberty Media’s Formula One Group shares. The company’s headquarters should remain in Madrid. Dorna holds the exclusive rights to MotoGP, as well as the associated Moto and Moto3 series, as well as the FIM Enel MotoE World Championship, which is little noticed by fans and the media and only occurs in Europe and is more of a supporting race. But also for the MOTUL FIM Superbike World Championship, including of course WorldSSP, WSSP 300 and the new FIM Women’s Circuit Racing World Championship, which, like MotoE, is only held in Europe with just a few rounds. What is truly frightening for fans of the series-based world championship is the fact that neither Liberty Media nor Dorna even mentioned WorldSBK in passing in the official statement.
Confusing detail in the context of the public announcement
Liberty Media is expected to acquire around 86% of Dorna, with Dorna management retaining 14% of its shares in the company. The transaction represents an enterprise value for Dorna with MotoGP of €4.2 billion and an equity value of €3.5 billion, with MotoGP’s existing debt expected to remain in place following completion of the transaction. Hello, was this really about debt? The interested viewer wonders how the more than 20 events per year and the enormous interest from spectators and visitors can still result in red numbers. Where did all the tens of millions per event go anyway? Let’s reckon with TV broadcast fees, MotoGP streaming app costs (of well over 100 EUR per person per year), audience revenue of 5 to 15 million euros per event, sometimes horrendous parking fees and the tens of millions for VIP packages to companies and wealthy individuals, as well as hospitality income. How debts can have accumulated against this background irritates even people with above-average mathematical talent.
The counterpart of former Formula 1 Zampano Bernie Ecclestone
Carmelo Ezpeleta served as track director at the then Calafat Circuit in Barcelona from 1974-1978. He then moved from Barcelona to Madrid to the Jarama Circuit. He became manager for all racing activities of the Spanish Automobile Federation. Ezpeleta has been director of Dorna’s motorsport department since 1991 and the little Catalan has been its CEO since 1994. This means that the 78-year-old is without a doubt the main responsible for what many observers see as an unhealthy development in relation to the increasingly pronounced commercialization of MotoGP. This fits with the description that critical voices increasingly gave him in the paddock when his critics began to call him the poor man’s Eccclestone. However, he is unlikely to come close to his wealth (at least before his divorce) and his days as Dorna-Zampano may be as good as numbered due to the impending takeover.
The long list of Dorna’s mistakes, bankruptcies and breakdowns
First and foremost is the clumsiness with regard to the calendar planning that was concocted together with the FIM, led by his close friend Jorge Viegas. After the debacle of the Balaton Circuit, which only existed on paper at the time, Hungary’s return to the Motorcycle World Championship after 1990 and 1992 was announced for the 2009 MotoGP season, he and his employees seemed to have learned nothing. The track was never completed and despite this embarrassing breakdown, the existing Balaton Park Circuit at the upper end of the huge inland lake is again on the calendar for WorldSBK in 2024. But if current rumors in the paddock turn out to be true, nothing will come of it. Just like last year’s cancellation of the WSBK, a GP in Argentina in 2024, which had to be canceled again shortly before the start of the season. The reasoning was, unsurprisingly, analogous to that given six months earlier for the Superbike World Championship. But even earlier, the list of bad planning on Dorna’s part is extremely impressive. This is even without the weather problems of 2010 with the canceled Japanese Grand Prix due to a volcanic eruption in Iceland and the resulting ban on flights throughout Europe. Below is our list of Dorna planning errors and cancellations, without the mutations necessary as a result of Covid-19, from 2020 to 2022.
Argentinian GP | 2024 | Almost 2.5 months before the deadline: canceled due to “political turbulence”. |
Kasachstan GP | 2023 | 2,5 months before the deadline: cancellation due to lack of completion. |
GP of Finnland | 2022 | 5th rejection, although denied until shortly before, real reason was lack of money. |
Hungarian GP | 2022 | Contract in 2019 for 2022 to 2026 in Debrecen, nothing came of that either. |
GP of Brasil | 2022 | Contract for 2022 – 2026 discarded at the beginning of 2021 (environmental protection reasons). |
GP of England | 2015 | Despite contract for a Circuit of Wales, Silverstone again, project rejected. |
GP of Brasil | 2014 | At the beginning of the year, the event at the end of September in Brasilia was canceled. |
Hungarian GP | 2009 | Instead of September 20th Cancellation and also the year after, due to the lack of construction of the route. |
GP of Brasil | 1998 | Cancellation due to inadequate safety on the route from Jacarepagua. |
GP of Italy | 1995 | Short-term cancellation due to insufficient security. |
It wasn’t just ghost events that drained Ezpeleta’s credibility
A special case was the KymiRing in Finland, whose sponsorship slipped into insolvency due to the Covid-19 pandemic after the fifth cancellation of a MotoGP event in a row. Shortly before, Ezpeleta had publicly denied the rumor that had emerged in the paddock about the impending cancellation. His numerous critics understandably saw him as a liar a little later, as he ultimately had to admit that there would be no Finnish GP in 2022 either. Above all, the reason he gave at the time with reference to the geopolitical situation, relating to Russia’s war with Ukraine, was simply not truthful for the above-mentioned reason, but a pure excuse. The Spaniard recently made himself extremely unpopular with numerous WorldSBK manufacturers and teams when he, together with FIM President Viegas, reversed their decision to introduce a minimum weight for pilot and machine using his veto right. Only when some companies threatened to pull out of the Superbike World Championship did the two give in. They are also considered to be mainly responsible for the WSBK being literally cannibalized by MotoGP due to the numerous calendar overlaps.
Unless otherwise stated, this applies to all images (© WorldSBK).
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