The FIA has said it is working on an "immediate plan" to make sure the 2012 World Rally Championship goes ahead as planned following the news that Convers Sports Initiatives, the parent company of the WRC's commercial rights holder North One, has gone into the British legal equivalent of Chapter 11 bankruptcy protection.
The man in charge of CSI, Vladimir Antonov, was arrested in London as part of an investigation into the striping of assets from Bankas Snoras. The motorsports governing body said on Wednesday it is committed to ensuring the future of the championship and that it is working on a plan to ensure all elements are in place for the 2012 to start as planned.
"The World Motor Sport Council discussed the recent developments involving the championship promoter, North One Sport, and its parent company, CSI, which has gone into administration," said the FIA in a statement. "The FIA is committed to ensuring the long-term commercial future of the championship and will make every endeavor to provide for its future stability.
"The FIA is working on an immediate plan to ensure the fundamental sporting and safety elements will be in place for the start of the 2012 season."
As a consequence of that, the FIA said the registration date for the 2012 championship for manufacturers will be put back to Dec. 19.