Cycle News

Cycle News 2017 Issue 06 February 14

Cycle News is a weekly magazine that covers all aspects of motorcycling including Supercross, Motocross and MotoGP as well as new motorcycles

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INTERVIEW MV AGUSTA'S GIOVANNI CASTIGLIONI P90 Giovanni, last November you an- nounced an agreement with an invest- ment company named Black Ocean Group. Who are the people behind this, and what is your agreement with them? Black Ocean is an investment company based in New York, London and Luxem- bourg, and it's owned by two people the same age as me, more or less—a success- ful British financial investor named Oliver Ripley and his Russian partner Timur Sard- arov. The Sardarovs are a very wealthy Russian family with investments in tech- nology, private aviation, real estate and agriculture, amongst others. The two of them were put in contact with me through an advisor back in January this year—they knew all about MV Agusta, and the status of the brand both inside and outside the motorcycle world. Both of them ride and collect bikes, and Timur was already an MV Agusta owner—he has a fantastic one- off Dragster RR especially built for him. At that stage we were still evaluating our posi- tion, but then when it became apparent we were heading to a restructuring of the busi- ness, we started discussions about how they might participate in a capital increase in the company, while also bringing their high-level managerial skills to MV. We've reached an agreement for Black Ocean to become a minority 35% shareholder in (Above) Pictured here is the MV Agusta F4 RR. The company is being repositioned to manufacture and sell fewer but higher- end bikes. (Right) Giovanni Castiglioni took over the company reins following the passing of his father, Claudio.

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