Pink 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 at this time introduced {that a} tender course of might 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 Pink Bull and KW25, the present industrial rights holders of the FIA World Rally Championship, who’ve taken the choice to begin 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 virtually half of these in-person followers between the ages of 18-34, the Championship has enormous additional development potential within the years to return. 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 greatest 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 Pink 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 following degree and to construct out engagement with a brand new technology of followers.
J.P. Morgan, the worldwide monetary providers firm, might be appearing as monetary advisor to Pink Bull and KW25, supporting them by way of the tender course of.
Mohammed Ben Sulayem, FIA President stated:”The FIA World Rally Championship is at an thrilling second in its historical past. Tens of millions of followers world wide are following the motion, and new, youthful audiences are driving its international development. This Championship has huge potential, and it’s our duty 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 fitting companion, we are able to take the championship to the following degree, protect its proud heritage, and develop its international attain for generations of followers to return.”
Malcolm Wilson OBE, FIA Deputy President for Sport, stated:“The FIA World Rally Championship, is the longest-running motorsport sequence of its sort, some of the thrilling competitions on the earth, with a novel heritage and an thrilling development 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’ll work with Pink Bull and KW25 to seek out the very best match for this necessary position.”
ENDS
For media inquiries, please contact:
Concerning 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 tens of millions 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 truthful for all.
