DUBAI: The Federation Internationale de l’Automobile, the global governing body for motor sport and the federation for mobility organizations worldwide, has announced a landmark long-term commercial rights agreement for the FIA World Rally Championship and FIA European Rally Championship. It follows the acquisition of WRC Promoter GmbH by Cosmobiliz and Park Square Capital. The biggest deal in the history of these championships, this agreement marks a new chapter for the WRC and ERC.

July 31 : French automotive group Cosmobilis and private credit investor Park Square Capital acquired the commercial rights to the World Rally Championship on Friday in what the…

FIA Completes ‘Deal of the Century’ for FIA World and European Rally Championships