Motorsport body gives green light to £500m World Rally auction

Rallying-FIA announces tender for new WRC promoter

(Reuters) -Motorsport's governing body announced on Thursday a tender process to replace Red Bull and German investment company KW25 as commercial rights holders of the World Rally Championship (WRC). Read full story

Motorsport body gives green light to £500m World Rally auction

The FIA president Mohammed Ben Sulayem will this week publicly endorse a tender process for the WRC commercial rights currently owned by Red Bull and a German investor, Sky News learns.

Rallying throws open its shop window

Rallying’s shop window just swung open. The FIA has launched a tender to find a new commercial rights holder for the World Rally Championship, teaming up with current promoter Red Bull and investment partner KW25 to court bidders — with JP Morgan advising on the deal. It’s a significant pivot for a championship that’s quietly bulking up its numbers. The FIA cites a 1.3 billion cumulative TV audience and more than 4 million on-site spectators in …

FIA to 'work with' Red Bull over $550million sale as key WRC announcement made

F1's governing body the FIA has announced that it is to "work with" Red Bull over a potential sale worth an estimated $550million.