JUNE 26, 2002
The FIA Foundations lands another 100m Euros
THE FIA has announced that David Richards's International Sportsworld Communicators (ISC) has agreed a deal with the federation to lease the commercial rights of the World Rally Championship for 100 years. The deal has to be approved by the FIA General Assembly in September but if the deal is struck Richards has agreed to pay a total of 100m Euros to the FIA. The money will go to the FIA Foundation.
Mosley said that the deal is over a long period of time but there is an incentive for ISC to pay off the money as quickly as possible.
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