The FIA has announced that a deal has been completed to welcome in a new commercial rights holder for the World Rally Championship and European Rally Championship.
The deal, which sees French automotive company Cosmobilis and private credit investor Park Square Capital acquire WRC Promoter GmbH, has been described as the “biggest deal in the history of these championships” by the FIA.
Cosmobilis, led by former Lotus and McLaren Formula 1 team boss Eric Boullier, will become the new CEO of WRC Promoter.
The FIA announcement went on to state that the deal “will bring significant new investment into the sport, help
