Oh, where to begin with this FIA tale? So, imagine this: a big ol’ turnaround in the FIA’s financial status, led by Mohammed Ben Sulayem. Somehow, by 2024, they pulled off a €4.7 million operating result and €182 million in income! Crazy, right? Just a few years back in 2021, they were stuck in a €-24 million rut. Who would’ve thought?
Now, Ben Sulayem had this manifesto — sounds fancy, but basically, it was a plan to shake things up since taking charge in 2021. Transforming everything from internal systems to how they work day-to-day. Honestly, it’s like they decided to spring-clean their entire organization, top to bottom. And these changes? They’ve got a big report coming out in June to show it all off. Guess they’re eager to flaunt those new financial muscles.
Year by year, they’ve grown by €26.7 million, about 17%. Blows my mind a bit — no debt and a solid equity ratio of 45%. The magical turnaround in numbers is almost suspiciously neat. Anyway, seems like since 2021 they’ve been on a mission: tightening systems, boosting procurement controls, and pushing through other tweaks. Maybe it’s like finding socks where you thought you had none — all about better budget control and strategic resource moves.
So, besides the number-crunching, they’ve tossed in a mid-year General Assembly. Why? To make sure audited financials are prepped in good time. Apparently, they’re going all out with these Activity Reports, jazzing them up with new profit and loss presentations to keep things clear. Transparency is the buzzword, it seems.
But here’s the kicker: this financial uplift drags the FIA out of a five-year black hole. Finally, they can focus on delivering top-notch stuff for their 245 Member Clubs and reinvest in the big World Championships. Remember, they’re not-for-profit — imagine that!
Ben Sulayem himself sounds pretty chuffed, talking about fulfilling his promise of a profitable operation. The strongest financials in eight years, he claims. He’s all fired up about better governance, transparency, and financial robustness. Seems convinced these steps will lead to better things for clubs and members alike. And hey, optimism isn’t a bad thing, right?
And that’s that. If you need to pester someone about it, Jonathan Refoy or Sophia Martin-Pavlou at the FIA would be your go-to folks for media stuff. Oh, and Geri Sherwin too. Good luck!
Just a little background before I forget: the FIA has been around since 1904, with Paris, London, and Geneva offices. They rally together 245 Member Organizations across five continents. So, they’re big. Real big. Focused on safety, sustainability, and fairness in motor sports, plus mobility at large. Always pushing the innovation envelope. Who knew the motorsports world could be this complex?
