Results released this month show that a dent in the value of the sport's commercial rights has seen turnover fall by 40 per cent to £8.8m in 2006, leaving the business with a £4 million pre-tax loss, down from a £250,000 profit the previous year.
ISC's turnover primarily comprises revenues from TV rights, which in recent years, has steadily declined as rallying has fallen from a top-line sport in the UK. Its contract with UK commercial broadcaster, ITV1 ceased at the end of 2006. The sport was then shown on freeview channel ITV4 for one year, before moving to its current home on digital station Dave.
Total costs of £12.9 million were down 8 per cent year-on-year.
