![]() ![]() “This includes our recent announcement on the strategic sale of our NASCAR licence, which we believe improves the business outlook by reducing our financial commitments and allowing the company to focus its limited resources on near-term projects that are anticipated to come to market. “We have continued to reduce costs under the previously announced 2022 restructuring programme with the first signs of forward momentum starting to become apparent. ![]() “This quarter has continued to be one of business transformation,” said Motorsport Games CEO Stephen Hood. Yesterday the British Touring Car Championship, Britain’s leading domestic motorsport series, announced it had ended its relationship with Motorsport Games. Last month Motorsport Games sold its licence to America’s leading motorsport series NASCAR to iRacing, which previously owned the rights to Ind圜ar. ![]() Other motorsport series have recently split with with the publisher. Motorsport Games, which acquired the licence to the series last year, has confirmed it has ceased work on its official Ind圜ar title which was due to appear this year.Ī financial update issued by the company today confirmed the decision had been taken as part of a range of cost-saving measures which also included the closure of a development studio in Australia. ![]()
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