Dorna Sports, the agency that operates and promotes MotoGP, has agreed a five-year extension to its partnership covering the structure and promotion of the motorcycling championship with the International Road-Racing Teams Association (IRTA).
The new agreement will cover the 2017 to 2021 MotoGP seasons and Dorna said it will provide increased financial support for all teams, aiding the stability of the championship.
Financial terms of the new deal were not disclosed, but the Autosport website said it would particularly benefit teams in the lower-tier Moto2 and Moto3 categories, with the cost of competing set to come down.
Carmelo Ezpeleta, Dorna chief executive, said: “IRTA has been a very important part of the new system of the championship. This agreement will also be a new template with the MotoGP class which we already announced with IRTA, helping the teams more from 2017 to 2021.”
Herve Poncharal, IRTA president, added: “The new contract is everything we had hoped for, more stability for the teams with financial support. Thanks to the new rules we will have six manufacturers in MotoGP from next year, this gives independent teams many more options.”
The IRTA was formed in 1986 and represents the voice of all the grand prix teams in the decision-making process. The organisation has worked alongside Dorna and the International Motorcycling Federation (FIM) to ensure that the interests of the teams are protected and raised.