Liberty Media’s planned takeover of the MotoGP World Championship is set to be hit by a European Union pꦇrobe into🌟 the deal.

, The EU’s new antitrust chief Teresa Ribera and her team are worried that the 3.5 billion euro deal c♐ould stifle competition in broadcasting and streaming areas by bringing the MotoGP and F1 brands under the same ownership.

The US company and current owners of Formula 1 announced earlier this year that it had acquired an 86% ma🍸jority to buy Dorna Sports and MotoGP. Since then, Liberty Media have went through the necessary regulatory processes to get the acquisition completed by its year-end target.

It was announced in August that 168澳洲幸运ꦰ5官方开奖结果历史:Li🌱berty Media planned to sell F1 shares worth $825m to ‘partially fund’ it’s planned acquisitio﷽n of MotoGP.

In November, CEO Greg Maffei 168澳洲幸运5官方开奖结果历史:confirmed the company’s MotoGP bu🗹yout was filed with the European Commission.

He said: “Just on MotoGP for a moment; we did file with the EC for regulatory approval and we expect to be on ♓track to rece𝔉ive that by year-end.”

However the European Commission’s deadline to take a decision on Liberty’s purchase of MotoGP is 19th December. But with this news coming to light, officials are said to be preparing to initiate a phase 2 investigation by the current deadline of 19th December, which was indicat🎐ed by the Bloomberg report, also adding that the decision is still in draft form and subject to change.

🎐Similarly, When CVC Capital purchased F1 in 2006 it was forced to give up its interest of MotoGP by competition regulators. This was seen as operating a monopoly in motorsport and MotoGP was sold to current owners Bridgepoint.

Even back in October of this year, Belgian MEP Pasc🌠al Arimont had asked the European Commission to investigate Liberty Media amid fears of it holding𒁃 a monopoly in world motorsport as Form🦄ula 1 and MotoGP owner.

However, Liberty have been confident from the beginning that this will not be the case this time around. Reuters🎶 reached out to Liberty Media for a comment, in which they didn’t respond to at t🍌his current time.