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Movistar is to sponsor Yamaha’s MotoGP effort. At the presentation of Movistar’s broadcast plans for the Grand Prix series in Spain last week, Luis Belo, Content Director for the Spanish telecommunications giant’s digital TV channel Movistar TV, let slip that the company would also be backing the Yamaha Factory team in MotoGP, Spanish magazine Solomoto is reporting.

The announcement confirms rumors of a deal between Movistar and Yamaha, which have been doing the rounds since December. Yamaha have yet to officially confirm the deal, but that is only a matter of time.

The deal mirrors the situation in Italy, where new pay-per-view broadcaster Sky is backing the Moto3 team run in conjunction with Valentino Rossi’s VR46 merchandising brand, fielding Romano Fenati and Francesco ‘Pecco’ Bagnaia.

To help promote the pay-per-view channels which MotoGP is being broadcast on in Spain and Italy, Movistar and Sky are backing major teams in the championship.

MotoGP series organizer Dorna appears to be pursuing a new strategy in its agreements with TV broadcasters. Where previously, Dorna had been fixed on securing deals with free-to-air broadcasters, recent deals have seen them agree terms with pay-per-view channels, in pursuit of higher revenues.

Spain is the latest market to see this development. The existing deal with Telecinco has been blown open, with Spanish telecommunications giant Telefonica taking over some of the broadcasting from Telecinco. Telecinco will show 9 races live, and a further 10 on a delayed schedule.

Meanwhile, Telefonica’s special digital channel Movistar TV will show all races live, complete with six extra camera angles which users can select, along similar lines to MotoGP.com’s online video streaming package.

The new deal has been reached as a result of Telecinco’s desire to reduce the amount it was spending on MotoGP, according to Spain’s leading daily newspaper El Pais.

It looks like Movistar is on the verge of a return to MotoGP. Italian site GPOne.com is reporting that the Spanish telecoms giant is close to signing a deal with Yamaha to sponsor the Japanese factory’s MotoGP team of Jorge Lorenzo and Valentino Rossi.

According to the report, the sponsorship deal is set to be announced at the first Sepang test, at a press conference to be held there.

Just how accurate this report is remains to be seen, but there are many indications that the deal could happen. Movistar was a major supporter of motorcycle racing in the past, having backed teams at many levels of racing.

No it’s not Victory Day, nor Valentine’s Day, and not even the next showing of the Vagina Monologues, the countdown to V-Day in the motorcycle world is the day that Valentino Rossi announces his move to Ducati in MotoGP racing. Slated to occur at Brno during the Czech GP because of a gentlemen’s agreement, Valentino Rossi’s announcement will be the crack in the doors that opens the flood gates of other announcements. Like a line of domino’s strewn about the MotoGP paddock, Rossi’s plans for 2011 are the tipping stone that sets the rest of the paddock in motion…and we’re sure he’d have it no other way.

With Jorge Lorenzo’s contract up at the end of this season, rumors are beginning to make their way through the MotoGP paddock about where the Spaniard will be racing next season. While Lorenzo has stated he would prefer to stay at Yamaha, he has also stated that he “knows what he’s worth.” For anyone playing MotoGP silly season, that’s an open invitation to assume that offers from Honda could have potential of becoming true.