The long-standing owner of the Moto GP global motor-racing series is in advanced talks to sell the business for more than £3bn.
Sky News has learnt that Bridgepoint, which is the biggest shareholder in Moto GP’s parent company, Dorna Sports, is seeking a valuation of up to €4bn (£3.4bn) in its negotiations with prospective buyers.
Liberty Media, the owner of Formula One, is understood to be the frontrunner to buy Dorna, although it is reportedly facing competition from a number of rival bidders.
One source said this weekend that Bridgepoint was trying to seal an agreement to sell Dorna within a matter of weeks, although they cautioned that the process remained competitive and the timetable for a deal uncertain.