Eurosport Events has been named as the new promoter of the FIA European Rally Championship in a deal that will signal the end of the Intercontinental Rally Challenge.

The FIA confirmed that Eurosport was to take over the promotion of the ERC from 2013 onwards in a ten-year deal, which brings to an end speculation about the future of the series.

However, the new deal will in turn see the IRC shelved at the end of the current campaign.

Born out of the International Rally Challenge in 2007, the IRC has gone on to be a huge success for Eurosport, with Kris Meeke, Andreas Mikkelsen and Juho Hanninen amongst the list of champions.

"The FIA World Motor Sport Council has confirmed at its meeting in Paris today an agreement between the FIA and Eurosport Events for Eurosport Events to become the promoter of the FIA European Rally Championship from the 2013 season onwards," a statement from Eurosport read. "The agreement will mean the Intercontinental Rally Challenge, which Eurosport Events created and has promoted since its inception in 2007, will not run next year in its current format across Europe.

"Eurosport Events is delighted to have secured this exciting opportunity and will announce full details, including the provisional calendar for 2013, at a later stage."