MUMBAI: Global motorsports governing body the FIA has said that it has not been able to find a new promoter or broadcaster for the World Rally Championship.

The previous promoters North One Sport had their contract cancelled last month after the parent, Convers Sports Initiatives, went into administration.

A FIA statement notes, ""The FIA regrets to announce it has not proven possible to find an international promoter as well as a global broadcaster for the 2012 World Rally Championship season at this stage in time.

"The Federation has been involved in lengthy and detailed discussions with interested parties but a series of issues proved impossible to reconcile, and it finally had to take the decision to withdraw from these negotiations.

"In addition to the usual sporting and technical services it provides for these events, the FIA will finance the timing/tracking of each event so that the championship can take place in the best conditions.Teams, manufacturers and the other stakeholders have all been informed of this situation.

"The FIA will now open discussions with all the other parties which have expressed interest in the promotion of the WRC in order to guarantee the future development and growth of the FIA World Rally Championship.?