FIA WRC Commercial Rights Tender Launch
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WRC Commercial rights Tender: The FIA (motorsport’s governing body) is launching a tender process to find a new commercial rights holder for the World Rally Championship (WRC). This follows discussions with the current holders, Red Bull and KW25, who have agreed to the process.
Seeking Long-Term Investment: The FIA aims to find a partner committed to long-term investment and the future success of the WRC.
advisory Support: J.P.Morgan will advise red Bull and KW25 during the tender process.
Growing Audience: The WRC’s popularity is increasing, boasting a cumulative television audience of 1.3 billion in 2024.
Upcoming Event: The next rally is the Rally del Paraguay on August 28th, a new host country for the championship.
FIA President’s Statement: Mohammed Ben Sulayem emphasizes the WRC’s potential for growth and the FIA’s commitment to securing its future.
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