# FIA WRC & ERC rights acquisition – new era > Live situation record from CLSTR: https://clstr.news/situations/fia-wrc-erc-rights-acquisition > Updated: 2026-08-03T09:31:30.000Z. Sources: 21. Developments: 3. In late July 2026 the FIA confirmed a 25‑year commercial‑rights agreement for the World Rally Championship and European Rally Championship, transferring the promoter to a consortium of French automotive‑technology platform Cosmobilis and private‑equity firm Park Square Capital. Former Formula 1 team principal Éric Boullier was appointed chief executive officer, with former FIA vice‑president Malcolm Wilson supporting the transition. The FIA described the deal as the biggest commercial transaction in the series’ history and announced a Growth Fund to back rally development, as well as new technical regulations for 2027 aimed at cutting costs, improving safety and boosting competition. The owners reiterated plans to expand the global audience, enhance fan engagement and align the championships with emerging technological and environmental priorities. The first event under the new management is scheduled for Rally Paraguay later in August 2026, marking the start of the “new era” promised by the consortium. Drivers such as Thierry Neuville welcomed the change, citing hopes that the fresh commercial rights and fan‑focused approach will restore the championship’s prestige. ## Timeline ### 2026-08-03: WRC Promoter Sold to New Management Led by Eric Boullier FIA sold WRC Promoter GmbH to a French‑automotive and private‑equity consortium; former F1 director Eric Boullier becomes CEO, with drivers hopeful as the Rally Paraguay kicks off the new era. 2 sources. https://clstr.news/cluster/wrc-promoter-sold-to-new-management-led-by-eric-boullier ### 2026-08-03: Cosmobilis and Park Square Capital Acquire Commercial Rights to FIA WRC and ERC Cosmobilis and Park Square Capital bought the commercial rights to the FIA WRC and ERC, appointing Eric Boullier as CEO and planning major investment ahead of 2027 technical changes. 2 sources. https://clstr.news/cluster/cosmobilis-and-park-square-capital-acquire-commercial-rights-to-fia-wrc-and-erc ### 2026-07-31: Eric Boullier appointed CEO of new WRC promoter after FIA long‑term commercial rights deal The FIA transferred long‑term commercial rights for the WRC and ERC to Cosmobilis and Park Square Capital, naming former F1 boss Éric Boullier as CEO of the new promoter and planning 2027 technical rule changes 17 sources. https://clstr.news/cluster/fia-sells-wrc-and-erc-commercial-rights-to-cosmobilis-and-park-square-capital --- Cite as: FIA WRC & ERC rights acquisition – new era. CLSTR, https://clstr.news/situations/fia-wrc-erc-rights-acquisition