F1 deal to get final green light in August

(GMM) A rubber stamp will be slapped onto the sale of F1 to 'CVC' by the beginning of August, according to reports.

Up to six companies are bidding to buy CVC's three-quarter stake in Dorna, the Spanish company that owns the rights to F1's two-wheeled equivalent MotoGP.

The European Commission's approval of the F1 deal was conditional on CVC selling Dorna. 'The Times' puts the price-tag at about $630 million — a huge profit for CVC who bought it for $82m in 1998.

Dorna has the rights to MotoGP until at least 2026.

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