The BBC submitted a 'competitive bid' to try and keep its broadcasting rights for the MotoGP World Championship.

However it lost out to the soon-to-launch BT Sport channel, which has secured an exclusive five-year UK live coverage deal starting from 2014.

"We are very proud of our MotoGP coverage and submitted a competitive bid to retain the broadcasting rights beyond our current contract," said a BBC statement.

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"We will continue to bring great content to our audiences for the rest of this season."

MotoGP has been shown free-to-air on the BBC since 2003, including exclusive live UK rights since 2009. Matt Roberts anchors the BBC's MotoGP coverage alongside commentators Charlie Cox and Steve Parrish, with Azi Farni in pit lane.

"We believe that we have brought the sport to a new, wider audience," the BBC added.

"We would like to thank our production teams for the contribution they have made in raising the profile of the sport in the UK."

BBC coverage will be unaffected for the remainder of this season, with all races and some qualifying sessions available on BBC One and BBC Two. BBC coverage is also available on the Red Button, iPlayer, IPTV and smartphones.

The BBC also allows British Eurosport to air live weekend coverage, with the exception of the main MotoGP race.

It is not yet clear if the BBC or Eurosport will seek to reach a deal with BT Sport, perhaps similar to the Sky/BBC F1 arrangement. F1 switched from the BBC to Sky Sports at the start of 2012, although the BBC continues to broadcast around half of the F1 races live with delayed highlights of the others.

BT Sport will be free for BT Broadband customers but cost ?15 a month for non-Broadband customers. The new channels can be accessed via Sky, BT TV or online.