A bid to buy MotoGP which was worth €200m moওre than Liberty Media’s offer was rep𓃲ortedly rejected.

The rejected bid came from the TKO Gro🅺up, who count Ultimate Fighting Championship and World Wrestling Entertainment as the major at🎃tractions under their banner, according to the .

Private equity firm Bridgepoint instead 🌄sold Dorna Sports, w💦ho owned MotoGP, to Liberty for €4.2bn including debt.

Liberty are also the owners of Formula 1 meaning they now have the world’s top car and motorcy📖cle racing series.

But TKO were left frustrated that🍒 their bi⛄gger offer was knocked back.

“We know that our bid was worth €200m more than the Libert🥃y bid,” CEO Ari Emanuel told the Financial Times.

Bridegpoint did not dispute the value of TKO’s bid to the ꦕFinancial Times.

However, ❀‘a person close to the deal’ was quoted as saying Emanuel and TKO were “culturally noꦜt a good fit”.

‘A person close to TKO’ was quoted in response, claiming Bridgepoint “failed in its fiduciary duty not only to its LPs [limited partners] but to its sha✱reholders in the public market”.

Liberty must seek regu🐈latory approval to complete their🐓 purchase of MotoGP.

Chief exe෴cutive Greg Maffei insists they are confident of achie♏ving this.

The doubt comes from a 2006 European Commission ruling which sto🧸pped the same owner from owning F1 and MotoGP over concerns that broadcasters would be disadvantaged when negotiating TV rights.

Liberty argue that the mediജa market has changed significantly since 2006, and they plan to keep MotoGP and F1 as separate entities.

“🌠We’re going to keep the comp♏any independent,” Maffei said.

“We’re certainly not going to 🧔be tr🍌ying to merge and sell the product in the TV market as one.”