International Open Wheel Championship Series

The International Open Wheel Championship Series is a multinational racing league owned by the World Sports and Entertainment Broadcasting Services. The league was founded in the summer of 2013 with a potential start in 2015 or 2016.

After it's founding, the league announced in the spring of 2014 that BMW, Ford, Toyota, and Honda will join the league as engine suppliers, with Bridgestone as the sole tire company. SoftBank, Nippon Telegraph and Telephone (NTT), Monster Energy, Exor, and Virgin Atlantic are the investors and primary sponsors for the series.

Friday

 * Cars arrive (8~11AM)
 * Testing (2P-4P)

Saturday

 * Free Practice 1 (1:30P-2:30P)
 * Free Practice 2 (5:30P-6:15P)

Sunday

 * Qualifying (10A-12P)
 * Free Practice 3 (1:15P-2P)
 * Race (3:30P-5P)

Friday

 * Cars arrive (10A~1:30P)
 * Free Practice 1 (2:30P-3:45P)

Saturday

 * Qualifying (10A-12P)
 * Free Practice 2 (2:30P-3:30P)
 * Race (6-7:30P)

Teams

 * BMW-Virgin Atlantic (primary team for BMW)
 * $25,000,000
 * Toyota-SoftBank (primary team for Toyota)
 * $25,000,000
 * Ford-Monster Energy (primary team for Ford)
 * $25,000,000
 * Honda-NTT (primary team for Honda)
 * $25,000,000
 * BMW-Philips (leasing engine from BMW)
 * $20,000,000
 * RadiantRacing (leasing engine from Honda)
 * $20,000,000
 * ING Racing (leasing engine from Ford)
 * $20,000,000
 * Ford-NOS (secondary team for Ford)
 * $18,000,000
 * BMW-Virgin (secondary team for BMW)
 * $18,000,000
 * Peugeot (leasing engine from Toyota)
 * $22,000,000

Broadcasting and broadcast rights
World Sports and Entertainment Broadcasting Entertainment would handle the world feed and the sub-licensing of broadcast rights to