(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).
The International Automobile Federation (FIA) said JPMorgan would act as financial advisor to Red Bull and KW25, who jointly own Munich-based WRC Promoter GmbH -- the commercial arm responsible for media, sponsorship rights, and television production.
