The boss of Method E desires the European Fee to look into Liberty Media’s acquisition of the MotoGP collection.
Alejandro Agag instructed the Monetary Instances that as a result of Liberty already owns Method 1, the deal would give the US-based entity “very important” energy.
Liberty Media CEO Greg Maffei brazenly admits that the MotoGP is determined by regulatory approval.
“From the perspective of competitors regulation, I believe there are important challenges,” Agag mentioned.
“The leverage that this merger will give the ensuing entity when it comes to negotiating with broadcasters shall be important and I believe the European Fee will look very rigorously at this deal.”
Agag says he’s not calling for the Fee to scupper the deal, however he desires “correct treatments to ensure equity available in the market”.
Apparently, the Liberty Media-linked Liberty World firm took a controlling stake within the Agag-founded Method E earlier this 12 months.
Liberty World wouldn’t touch upon Agag’s feedback, whereas a spokesman for Method E mentioned: “As a former politician, Alejandro has a powerful private curiosity in antitrust points and was expressing his personal views.
“We typically don’t touch upon potential offers.”