Dorna Announces Financial Support Package for MotoGP Teams

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Dorna has announced a financial support package for the Grand Prix teams. The independent MotoGP teams are to be given money for the months of April, May, and June, and payments are also to be made to the Moto2 and Moto3 teams.

Though no amounts are mentioned in the press release, Spanish daily is reporting that each of MotoGP’s private teams – Petronas Yamaha, Red Bull KTM Tech3, Reale Avintia Ducati, Pramac Ducati, LCR Honda, and the Gresini Aprilia squad (still technically an independent team) – is to be given an amount of €250,000 per month for the three months of April, May, and June, with this amount to be paid whether any racing happens or not.

The Moto2 and Moto3 teams are also due to receive further support, beyond the €25,000 per rider they have been promised. Again, no details have been released, but given that without the teams, Dorna cannot organize a racing series, the amounts should be enough to at least guarantee their survival.

In the press release, Dorna emphasize that these payments were made with the support of the FIM and their investors, Bridgepoint Capital and CPPIB (the Canadian pension fund which holds a stake in Dorna).

This should also not come as a surprise, as without the teams, Dorna cannot survive, and if Dorna does not survive, then its owners would have to write off an enormous investment and lose a lot of money.

So far, the announcements have only covered the Grand Prix paddock, and not World Superbikes. At some point, the WorldSBK teams will also need financial assistance to survive, though the sums involved should be far smaller. But at this point, no announcements have been made.

Source: MotoGP

David Emmett

One of MotoGP's most respected journalists, David Emmett is the proprietor of the esteemed MotoMatters. We are very grateful to republish David's work here on A&R...though dread the day we ever again get in a car with him.