Dorna boss Ezpeleta ordered to pay multi-million euro fine

Carmelo Ezpeleta, the head of MotoGP promoter Dorna Sports, has been ordered to pay a fine of 3.9 million euros by the Spanish Supreme Court for tax offenses committed in 2003 and 2004.

Dorna boss Ezpeleta ordered to pay multi-million euro fine

Ezpeleta and Enrique Aldama, two of Dorna's senior executives, simulated a shares trade in 2003 and 2004 to obtain financial benefits and carry out a hidden distribution of profits.

The decision by the Supreme Court means that the two men and their respective partners must pay 3.9m euros (Ezpeleta) and 2.7m (Aldama) in taxes from 2004.

The ruling also established that both committed a serious infraction by not paying the corresponding tributary fees, meaning the Spanish tax authorities will need to establish the corresponding administrative sanction.

Dorna has reacted in a statement, expressing its disagreement with the ruling.

"Despite holding the Decisions of the Courts in the highest regard, Dorna would like to express its disagreement with the content of the Decision of the Supreme Court regarding the classing of the 'leverage recapitalization' transactions performed in 2003 and 2004, from the tax law perspective, as simulations," said the Dorna statement.

"Transactions of this kind are commonplace in the economies of neighbouring countries and are perfectly valid from a corporate law perspective.

"The fact that they are not to be classed as simulations is acknowledged by several Supreme Court justices, who have made known expressly their disagreement with the content of the judgements by expressing dissenting opinions.

"Dorna is analysing the possible ways in which these judgements might be contested."

shares
comments
Ducati aims to avoid another up-and-down season
Previous article

Ducati aims to avoid another up-and-down season

Next article

Aprilia unveils "entirely redesigned" 2016 MotoGP bike

Aprilia unveils "entirely redesigned" 2016 MotoGP bike
Load comments
How Quartararo cast aside prior doubts to become MotoGP's new king Prime

How Quartararo cast aside prior doubts to become MotoGP's new king

Doubts were cast over Yamaha’s French recruit after his disastrous end to the 2020 MotoGP season with Petronas SRT, but Fabio Quartararo answered them convincingly in 2021 to claim a MotoGP title that exhibited both his devastating speed and mental strength

The Rossi-less future MotoGP must now navigate Prime

The Rossi-less future MotoGP must now navigate

Motorcycle racing's greatest showman has left the stage, as Valentino Rossi calls time on his remarkable career on two wheels. But in his successors, all of whom were inspired by 'the Doctor', grand prix racing has vibrant new acts to keep us hooked

MotoGP
Dec 4, 2021
Valentino Rossi’s 10 greatest MotoGP races Prime

Valentino Rossi’s 10 greatest MotoGP races

As the Italian legend finally bows out and retires from MotoGP, it marks the end of one of the most incredible careers in motorsport history. Here is Motorsport.com's pick of his best rides and the stories behind them

MotoGP
Dec 3, 2021
How Ducati has drawn first blood in the 2022 MotoGP title race Prime

How Ducati has drawn first blood in the 2022 MotoGP title race

The 2021 MotoGP season may have only just ended but preparations for 2022 are well underway following a two-day test at Jerez this week. Ducati has hit the ground running while a lack of progress dominated Yamaha’s and world champion Fabio Quartararo’s test. While no battle lines have been drawn yet for 2022, it appears Ducati has already drawn first blood...

MotoGP
Nov 20, 2021
Why Suzuki's quest for a new MotoGP boss may be too late Prime

Why Suzuki's quest for a new MotoGP boss may be too late

Suzuki is on the search for a new team manager after its decision not to replace Davide Brivio at the start of 2021 was backed up by its unsuccessful bid to help Joan Mir defend his 2020 MotoGP world title. But whoever Shinichi Sahara appoints next, it may have already come too late to convince Mir to stick with the project

MotoGP
Nov 19, 2021
How Rossi got the perfect send-off to his MotoGP career Prime

How Rossi got the perfect send-off to his MotoGP career

The greatest chapter in MotoGP history came to a close at the Valencia Grand Prix as Valentino Rossi bid farewell after 26 seasons of grand prix racing. While his run to a strong 10th was a pleasing end to his time in MotoGP, it was what happened at the front of the grid that capped the Italian's ideal send-off

MotoGP
Nov 15, 2021
Why MotoGP's under-fire graduate has a point to prove Prime

Why MotoGP's under-fire graduate has a point to prove

OPINION: MotoGP-bound Darryn Binder was already under the microscope as his jump from Moto3 to join RNF's new top-class team was announced. But his crash with title hopeful Dennis Foggia caused significant consternation among the ranks - with many current riders suggesting the top level should be harder to break into as a result

MotoGP
Nov 9, 2021
How Portugal exposed the biggest threat to Quartararo Prime

How Portugal exposed the biggest threat to Quartararo

Fabio Quartararo’s first DNF of his title-winning 2021 MotoGP season couldn’t have come at a better time. But the events of the Yamaha rider’s Algarve Grand Prix exposed the M1’s well-known major weakness, which could threaten his championship defence given the increasingly Ducati-heavy makeup of the grid heading into 2022

MotoGP
Nov 8, 2021