French automotive group Cosmobilis and private credit investor Park Square Capital have completed the acquisition of the commercial rights to the FIA World Rally Championship (WRC) and FIA European Rally Championship (ERC), according to a report by Reuters.
The long-term agreement follows the acquisition of Munich-based WRC Promoter GmbH, with the Fédération Internationale de l’Automobile (FIA) describing the transaction as the largest commercial deal ever completed for the two championships. Fi...
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