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The FIA has reiterated its stance on the governing body’s financial situation after former President Jean Todt dismissed claims of
Jean Todt, the former president of the FIA, denied claims of a $20 million deficit when he left his post in December 2021, stating that there were more than 250 million Euros in reserves. The FIA has acknowledged its unsatisfactory financial state after Mohammed Ben Sulayam took office. The governing body incurred significant losses and aims to achieve balanced books, create a surplus, and invest in safety, technology, and regulation. The FIA’s operating loss was €24 million in 2021, decreasing to €7 million in 2022, with the trend expected to improve in 2023. Ben Sulayam expressed gratitude for the efforts made to improve the FIA’s financial situation, while Todt’s response did not change the FIA’s stance on the matter.
