An exciting season on the track, a satisfying season on the financial level. Mohammed Ben Sulayem, head of the FIA since 2022, can celebrate the first year of his work closed with a operating profit.
Yesterday a Kigali (Rwanda), where the end of year awards ceremony, the FIA commented on the season just ended with a note, presenting the financial results. The success in reducing operating costs without cutting new initiatives has been widely celebrated (although a few days ago Ben Sulayem complained about a lack of funds to hire permanent stewards).

This result, the first positive since 2018, was possible thanks to an increase in revenues and a greater focus on savings. Going into detail, the FIA closed 2024 with a assets of 2.2 million euros. A significant step forward if we consider that just 3 years ago the balance sheet was 24 million euros in deficit.
I'm Sulayem he did not fail to praise the work of his team: “This result It is the fruit of our commitment to reform the organization in the areas of governance and finance. The new FIA management inherited a financial situation that was not sustainable in 2022".
“We have worked hard to reduce a significant deficit and have stabilized the overall financial health of the Federation. – continues the FIA president – We have implemented cost containment measures and revenue generation strategies to put the FIA on a more sustainable financial footing and to fulfil our primary purpose, which is to support our member clubs.”.
SOURCE STATEMENTS: FormulaPassion.it