Bridgepoint eyes €4bn MotoGP sale - report

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London-listed private equity firm Bridgepoint is looking to sell its stake in MotoGP's parent company, Dorna Sports, for up to €4bn (£3.4bn), Sky News reported on Monday, citing unnamed sources.

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Formula One car race competition owner Liberty Media was understood to be the frontrunner to buy Dorna, although it is reportedly facing competition from a number of rival bidders.

Sky cited one source as saying 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.

The eventual price could also deviate from the current €4bn target, they added. Bridgepoint owns close to 40% of Dorna, while a slightly smaller stake is held by Canada Pension Plan Investment Board (CPPIB) and the remaining shares held by Dorna's management.