FIA reports a better financial year, it is all thanks to Mohammed Ben Sulayem?

Under President Mohammed Ben Sulayem's leadership, the FIA made a profit in 2024. This comes after a loss of €0.8 million in 2023.

The FIA's financial situation has been uncertain for the past few years. Ben Sulayem was elected at the very end of 2021. That year, the FIA recorded a loss of €24 million. Now, it is recording a profit of € 4.7m. 

The FIA said they have been working rigorously to improve the financial situation and that they are also able to report no financial debt. 

Ben Sulayem said, "Upon my election as President of the FIA, I committed to ensuring a profitable operation. Today, I am incredibly proud to show that we have achieved this mission, delivering the strongest set of financial results in eight years."

"Improving the governance, transparency and financial health of the FIA was central to my manifesto pledge, and I will continue to work with all of our internal and external stakeholders to drive positive change within the FIA, to deliver better outcomes for our Member Clubs, our people and for all.”  

2024 marks the stongest fiscal year for the FIA in five years.

For President Ben Sulayem this announcement comes at a great time as Carlos Sainz Sr. has been eyeing a presidential run.