Paddock News

FIA Celebrates Financial Success with Record Operating Result for 2024

The FIA has announced a remarkable financial recovery for fiscal year 2024, achieving an operating profit of €4.7 million, a significant turnaround from a €24 million loss in 2021. This positive development is a promising indicator of the organization's financial health as it prepares to release its full Activity Report next month.

Our Take:

This impressive turnaround signals not only effective management under Mohammed Ben Sulayem's presidency but also a potential revitalization of motorsport governance. A strong financial position could bolster the FIA's ability to invest in safety and innovation across the racing world, benefiting teams, drivers, and fans alike.

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Curated by F1Briefing.com

Source: NewsDesk

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