British Superbike racing is set to benefit from the largest ever investment into UK motorcycle sport.

All teams competing in the 2002 and 2003 domestic championships will share a performance related ?1.144 million financial package.

British Motorsport Promoters (BMP), the championship organisers and promoters are making the investment into the only UK road racing series to carry the British title to ensure its continued success.

The payments by BMP will be made to all 16 competing two-rider teams through a Participation Allowance. This will be paid based on the performance and position of each team in the new for 2002 Premier Teams' League. BMP will endeavour to ensure that potential one-rider team entries meet the required criteria for entry into this scheme.

The Premier Teams' League will also determine which teams will be automatically offered an entry into the championship for the following season. The teams finishing in the bottom four will be relegated and will have to re-apply, together with any new teams wishing to join.

The teams entering the championship will be required to make a commitment by paying a pre-season bond, as well as agreeing to comply in full with the championship commercial regulations.

"The British Superbike championship is regarded as the best domestic series in the world. These new initiatives underline our determination to take it to even greater heights. We are making a major financial commitment to the teams as well as providing them with an exceptional marketing and promotional platform through our ongoing television agreements with BBCTV Grandstand and ITV Digital. We believe that the teams will respond positively to this new initiative and will continue to provide spectacular action to both television and trackside audiences," said Jos Foulston, the Series Director of the British Superbike Championship.

 

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