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
 * Expanded to $60,000,000
 * Toyota-SoftBank (primary team for Toyota)
 * $25,000,000
 * Expanded to $60,000,000
 * Ford-Monster Energy (primary team for Ford)
 * $25,000,000
 * Expanded to $60,000,000
 * Honda-NTT (primary team for Honda)
 * $25,000,000
 * Expanded to $60,000,000
 * BMW-Philips (leasing engine from BMW)
 * $20,000,000
 * Expanded to $35,000,000
 * RadiantRacing (leasing engine from Honda)
 * $20,000,000
 * Expanded to $35,000,000
 * ING Racing (leasing engine from Ford)
 * $20,000,000
 * Expanded to $35,000,000
 * Ford-NOS (secondary team for Ford)
 * $18,000,000
 * Expanded to $30,000,000
 * BMW-Virgin (secondary team for BMW)
 * $18,000,000
 * Expanded to $30,000,000
 * Peugeot (leasing engine from Toyota)
 * $22,000,000
 * Expanded to $35,000,000

New Teams

 * Subaru-Honda (leasing engine from Honda)
 * $45,000,000

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

Broadcast Package 1
This package lasted from 2015 to 2017.

BronzePlanet and Gauntlet handled broadcasting in the United States.

Broadcast Package 2
This package lasted from 2018 to 2020.

F1TV took over streaming rights, while BronzePlanet aired highlights.

Broadcast Package 3
This package will last from 2021 to 2024.

F1TV will hold streaming rights while NBC Sports picked up broadcast rights and domestic streaming rights. In addition, Sky Sports F1 in the UK will pick up the series, as well as Fox Sports in Australia.