Bear with us on this one, as it’s a bit convoluted. Bridgepoint Capital, a private equity firm based out of London, owns Spanish company Dorna Sports SL. Dorna, which as you might recall is the media rights holder and promoter for MotoGP, the motorcycle Grand Prix World Championship that we all know and love. Meanwhile World Superbike is owned in majority by Swiss company Infront Sports & Media, and in minority by the Italian-born Flammini brothers, with the latter group still handling WSBK’s media promotion.
Now according to reports, Infront Sports & Media is up for sale, and one of the three alleged bidders is Bridgepoint Capital (circle back to the second sentence in the first paragraph if you got lost on the way here). This means that potentially the twice-removed owner of MotoGP could potentially own a controlling stake in the Championship’s rival series: World Superbike. There are still a number of “if’s” in whether Bridgepoint will come through as a buyer on Infront Sports & Media, but ownership of both series by the same party, even at a removed distance is worth some general discussion.
Last week when I wrote my editorial, I was content to say my peace on the issue of TTXGP/Mavizen conflict of interest, and then move along with other things. But considering the response the piece got, not only by Azhar Hussain himself, but also by others in the industry, as well as the recent announcements of Zero Motorcycles and Mission Motors entering the TTXGP racing series, I thought I’d give the issue another pass. Ignoring the name-calling, accusations of professional misconduct, and general pettiness that followed, I wanted to address and few things that have developed in this space, and why I’m still thankful the FIM split from TTXGP.
This extended weekend, we Americans sat down for our Thanksgiving meals, joined by family, friends, and hospitable strangers. There are many things to look back on and be thankful for: good health, good friends, good fortune, just to name a few. I, like many others, am thankful for these things as well, but of course proclaiming as such makes for a very boring motorcycle editorial.
Among other things, in motorcycling I am thankful for the recent announcement by the FIM to breakaway from the TTXGP electric motorcycle racing series. While we may never know the FIM’s true reasoning in its resolve to distance itself from Azhar Hussain’s TTXGP series, I suspect a portion of that thought process stems from the now clear and convincing conflict of interest that is unfolding in electric motorcycle racing, and acts of impropriety that are stemming from those competing interests.