Australian company, SX Global, have unveiled their comprehensive plans for the FIM Supercross World Championship series starting this year.

Operating within the motorsports and entertainment industry, SX Global was chosen in December 2021 to be the managing and promotional body for the FIM Supercross World Championship series over the next decade.

The FIM Supercross World Championship series comes after high global demand for the sport to expand its racing beyond a primarily American base.

SX Global announced the series will have an entirely new model with an emphasis on expanding and elevating the sport across the world, featuring an independent team ownership model, financial support for teams and riders, increased opportunities for global and local sponsors and innovations to enhance the series’ broadcast and in-stadium experience.

The championship series will follow a two-class format and will have ten team licenses available to independent owners.

SX Global has dedicated more than $50 million for rider and team support over the next five years, with each participating team able to receive seed funding for entering the series, appearance fees at every event, logistics and freight support throughout the series, and the richest prize purse in the sport’s history with a total of $250,000 to be won at each event.

The large financial backing in the series stems from investment company, Mubadala Capitals’s recent investment into SX Global.

SX Global managing director for motorsport, Adam Bailey, said unlike other various failed attempts to build a global supercross series, SX’s knowledge with Mubadala’s financial backing will help the series succeed.

“Our team possesses the necessary supercross and international event background, relationships and expertise, and the funding to make this World Championship a reality,” Bailey said.

SX Global will bring a highly qualified team of motorsport and entertainment experts to ensure the championship’s longevity, including super cross veteran Ryan Sanderson who has taken on the role of SX Global’s managing director.

Sanderson said his goal is to evolve and elevate the sport while taking its athletes to new levels of global relevance and success.

“Our aim is to take the amazing sport of supercross global and reveal its greatness to millions of new fans all over the world,” Sanderson said.

The pilot season of the championship series will begin later this year trialling five global events between September and November.

Success of this event will see the series increase its 2023 operational period by three months.