The 2009 running of Wales Rally GB will go ahead as planned after the governing body of UK motorsport, the MSA, confirmed that it will underwrite the costs of running the event.
The future of the event had been called into question after the Welsh Assembly Government revealed that it will to pull its backing for the event before the end of its contract.
That had led to International Motor Sports – the commercial subsidiary of the MSA – launching legal action for breach of contract against the Government.
While that legal case is ongoing, the MSA has now stepped in to safeguard the 2009 event by covering the costs involved, with Alan Gow – chairman of both IMS and the MSA – stating he was confident that Wales Rally GB would again be a success this year.
"In recent years, the MSA has exercised prudent management of its finances to create a surplus in order to protect the sport against unforeseen circumstances," he said. "Consequently, we have decided to underwrite this important and prestigious international event for the good of the sport, while continuing to pursue our extremely robust case against the Welsh Assembly Government for its breach of contract.
"IMS and everyone involved in Rally GB now have a very challenging period ahead to turn the event around in just four months. However, we are confident that the experience and professionalism of our people and clubs will make sure that this year's event is a great success."