Cycle News is a weekly magazine that covers all aspects of motorcycling including Supercross, Motocross and MotoGP as well as new motorcycles
Issue link: https://magazine.cyclenews.com/i/1507502
World Supercross Sells To New Investment Group W ith scheduled rounds of the World Supercross Cham- pionship (WSX) in jeopardy, owners of WSX announced the sale of their business to sports investors Kyril Louis-Dreyfus and Juan Sartori. Adam Bailey continues as the CEO as the trio aims to continue the FIM World Supercross Championship. The new sale comes after Mubadala Capital, an Abu Dhabi investment firm, pulled out of the series. Louis-Dreyfus, a French busi - nessman, became the youngest Chairman in English football history when he purchased a con- trolling stake in the Sunderland A.F.C. club at 23 years old. "While we aspire to expand and elevate WSX to become a globally renowned championship, we also recognize the need for immediate short-term changes to ensure a brighter future," said Louis-Dreyfus. "There's a lot of work to do, but we're excited for the challenge." Sartori is a Uruguayan busi - nessman, senator, and co-owner of Sunderland A.F.C. alongside Louis-Dreyfus. He is the Presi- dent and founder of Union-Group, a privately owned investment firm, and a Board Member and Vice President of French football club, AS Monaco FC. "Supercross is an incred - ible spectacle with huge, huge potential," said Sartori. "I'm very excited to get started on the task ahead, to grow the sport and showcase it to more fans and new locations around the world." Bailey emphasized that WSX remains focused on driving the long-term sustainability of the championship. "Our vision has always been to add value to the sport of motorcycling and complement its growth, globally," said Bailey. "We have a number of plans and initiatives already underway that we look forward to sharing in due course. We'd like to thank our fans, supporters, athletes and teams for their support since our inception and into this next phase of our progression." The series completed one round this year and is set to con - tinue with the Singapore Grand Prix in September. CN WIND IN THE P40 After canceling the second round of its fledgling series, the World Supercross Championship (WSX) announced it has new owners. The news comes after Mubadala Capital, an Abu Dhabi investment firm, pulled out of the series.