Crimson Bull and KW25 to run tender course of for brand new FIA World Rally Championship industrial rights holder
The Fédération Internationale de l’Car (FIA), the worldwide governing physique for motor sport and the federation for mobility organisations worldwide, has in the present day introduced {that a} tender course of can be run for a brand new industrial rights holder of the FIA World Rally Championship (WRC).
This follows an in depth interval of discussions with Crimson Bull and KW25, the present industrial rights holders of the FIA World Rally Championship, who’ve taken the choice to start the method.
The FIA World Rally Championship has surged in recognition in recent times, with a 1.3bn cumulative tv viewers and over 4m on-site guests in 2024. With nearly half of these in-person followers between the ages of 18-34, the Championship has enormous additional progress potential within the years to come back. The subsequent spherical of the Championship is on twenty eighth August on the Rally del Paraguay, which is making its debut as a bunch nation this yr.
The FIA’s precedence is to make sure that the WRC is finest positioned to maximise on this potential and ship worth to all its stakeholders, together with drivers, groups, producers, organisers and followers, whereas additionally preserving its sturdy heritage.
The FIA will work with Crimson Bull and KW25 to hunt a brand new industrial rights holder which is dedicated to long-term funding within the Championship and to securing the very best future for WRC. That is an thrilling alternative for a brand new enterprise to take the Championship to the subsequent degree and to construct out engagement with a brand new technology of followers.
J.P. Morgan, the worldwide monetary providers firm, can be performing as monetary advisor to Crimson Bull and KW25, supporting them by the tender course of.
Mohammed Ben Sulayem, FIA President mentioned:
“The FIA World Rally Championship is at an thrilling second in its historical past. Hundreds of thousands of followers all over the world are following the motion, and new, youthful audiences are driving its world progress. This Championship has huge potential, and it’s our accountability as governing physique to make sure it continues to develop and reaches new heights.
“This course of is a vital step and can form the long-term imaginative and prescient for the WRC, and I’m assured that, along with the proper companion, we are able to take the championship to the subsequent degree, protect its proud heritage, and develop its world attain for generations of followers to come back.”
Malcolm Wilson OBE, FIA Deputy President for Sport, mentioned:
“The FIA World Rally Championship, is the longest-running motorsport collection of its form, probably the most thrilling competitions on this planet, with a singular heritage and an thrilling progress trajectory forward. The tender course of for the industrial rights holder is an enormous alternative for a brand new enterprise to take the Championship into its subsequent chapter with renewed power and funding. We are going to work with Crimson Bull and KW25 to seek out the very best match for this essential position.”
ENDS
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In regards to the Fédération Internationale de l’Car (FIA)
The Fédération Internationale de l’Car (FIA) is the governing physique for world motor sport and the federation for mobility organisations globally. It’s a non-profit organisation dedicated to driving innovation and championing security, sustainability and equality throughout motor sport and mobility.
Based in 1904, with places of work in Paris, London and Geneva, the FIA brings collectively 245 Member Organisations throughout 5 continents, representing hundreds of thousands of highway customers, motor sport professionals and volunteers. It develops and enforces laws for motor sport, together with seven FIA World Championships, to make sure worldwide competitions are secure and honest for all.
