MotoGP

The Spanish Supreme Court has imposed multi-million dollar fines on Dorna Sports and its executives for tax offenses arising out of the sale of shares in 2003 and 2004. The court found that Dorna CEO Carmelo Ezpeleta and COO & CFO Enrique Aldama had simulated the sale of shares in order to avoid paying income tax and to receive undeclared dividends from the shares the two men hold. The share purchase was financed using debt held in part by the partners who owned the company buying the shares. Dorna claimed that this was a form of leveraged recapitalization, but the Supreme court disagreed with that assessment. In reality, the Supreme Court ruled, Dorna and its executives were pursuing a means of receiving hidden dividends.

Racing

After two years with the Ducati Desmosedici, Valentino Rossi has decided to end his Italian love affair, and return to Yamaha for the 2013 and 2014 MotoGP Championship seasons. Despite assurances from Ducati’s new owners, The Doctor apparently didn’t see the Desmo improving within the narrow window of Rossi’s remaining MotoGP career. Announcing his decision ahead of the Indianapolis GP, Valentino Rossi will join Jorge Lorenzo at the Yamaha Racing squad, where the Italian hopes he will again be competitive for race wins. While the Ducati/Rossi partnership seemed like a match made in Italian heaven, we think most VR46 fans will welcome the news of this divorce.