I was involved with Standards Australia and the venue owners, in writing the 'guide to manasging risk in motor sport'. It is a public document, so no single entity owns the intellectual property. The document affects motorcycle road racing and insurance costs. Most motorcycle road racing is inherently safe - in the sense that the risks are usually minimised to a tolerable level. However road racing on closed public roads is often not safe, and when there is a fatality, we all pay.
In Australia under common law, we cannot sign away our right to sue. But what happens in Irish racing affects all of us. When insurance companies are based in the IOM, and not underwritten by Lloyds Of London,a payout might be less likely.
This has nothing to do with 'cancel culture' or 'woke'. It is about 'duty of care'. In Australia, we have had a race fatality since that document was created. The outcome in court was 'a motor race circuit is not a workplace'.