{"id":30632,"date":"2024-12-13T13:07:32","date_gmt":"2024-12-13T13:07:32","guid":{"rendered":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024"},"modified":"2024-12-13T13:07:32","modified_gmt":"2024-12-13T13:07:32","slug":"35491-the-fia-regains-stable-finances-projected-profit-for-2024","status":"publish","type":"post","link":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024","title":{"rendered":"The FIA regains stable finances with a projected profit for 2024"},"content":{"rendered":"

The operational accounts of the F\u00e9d\u00e9ration Internationale de l’Automobile were not really in good shape in recent years. Mohammed Ben Sulayem revealed in 2022 that the FIA had a 20 million euro deficit<\/a> just before the end of Jean Todt’s mandate. This carry-forward deficit therefore had to be filled gradually over the following years.<\/p>\n

Reserves of past profits, which are dwindling<\/h2>\n

Indeed, the FIA being a global non-profit organization (as confirmed by its statutes), it must at least break even to continue to exist, but it cannot accumulate a deficit for too long, at the risk of no longer being able to draw from its previous profits.<\/p>\n

The following year, Jean Todt settled his scores with Mohammed Ben Sulayem by providing more details and explaining in particular that the FIA’s reserves amounted to several hundred million euros (240 million in 2019 according to the figures given by Jean Todt).<\/p>\n

Specifically, over the period from 2019 to 2022, the operational deficit had to be gradually filled to avoid overusing the FIA’s financial reserve.<\/p>\n

In 2022, the FIA reduced its operational deficit, going from -24 million euros in 2021 to -7.7 million euros. In 2023, the FIA almost broke even with an operational deficit of -800,000 euros, and is finally projected to return to profit in 2024.<\/p>\n

\u00ab The year 2023 was marked by a significant reduction in operational and net losses for the FIA, thanks to a strong increase in operational revenue. The operational loss for 2023, amounting to -0.8 million euros, was reduced by 6.9 million euros compared to the previous year, which was -7.7 million euros. The net result for 2023 is 7.2 million euros, an improvement of 22.4 million euros compared to the previous year, where it was -15.2 million euros. The FIA’s balance sheet remains solid, showing a debt ratio of 45% and no financial debt \u00bb, details the FIA’s 2023 annual report.<\/p>\n

Return to profit in 2024<\/h2>\n

In 2024, the FIA’s forecast stands at 2.2 million euros: \u00ab The financial results to date for 2024 demonstrate a significant reduction in the FIA’s operational costs, thanks to an increase in revenue and achieved savings \u00bb, explains the statement. \u00ab The improved operational situation, confirmed during the two World Council meetings in Kigali, indicates a return to profitability<\/b> despite the implementation of several new initiatives. \u00bb<\/p>\n

\u00ab The FIA forecasts an operating result of 2.2 million euros in 2024, which represents a remarkable improvement compared to the deficit of 24.0 million euros recorded in 2021. This forecast would mark the best result in the last seven years and the first positive result since 2018 \u00bb.<\/p>\n

Mohammed Ben Sulayem commented on the sidelines of the FIA gala which is taking place this Friday evening in Kigali<\/a>: \u00ab This success is the result of our commitment to reforming the organization in the areas of governance and finance.<\/p>\n

\u00ab The new FIA leadership inherited an unsustainable financial situation in 2022. We worked hard to reduce a significant deficit and stabilize the overall financial health of the federation \u00bb, continued Ben Sulayem, still seeming vindictive about last year’s comments by Jean Todt.<\/p>\n

\u00ab We have implemented cost control measures and revenue-generating strategies to place the FIA on a more sustainable financial footing, in order to fulfill our core mission: supporting our member clubs. \u00bb<\/p>\n","protected":false},"excerpt":{"rendered":"

The FIA sought to reassure the federations and key individuals managing the sport, stating that unlike in previous years, the 2024 accounts would be healthy. The profit forecast for the current year is currently 2.2 million euros.<\/p>\n","protected":false},"author":4,"featured_media":45194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,1749],"tags":[245,370],"class_list":["post-30632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-f1","category-news","tag-economie","tag-fia"],"acf":[],"yoast_head":"\nThe FIA regains stable finances with a projected profit for 2024 - Motorsinside English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The FIA regains stable finances with a projected profit for 2024 - Motorsinside English\" \/>\n<meta property=\"og:description\" content=\"The FIA sought to reassure the federations and key individuals managing the sport, stating that unlike in previous years, the 2024 accounts would be healthy. The profit forecast for the current year is currently 2.2 million euros.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024\" \/>\n<meta property=\"og:site_name\" content=\"Motorsinside English\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/MotorsInside\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-13T13:07:32+00:00\" \/>\n<meta name=\"author\" content=\"La r\u00e9dac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/MotorsInside\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"La r\u00e9dac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024\",\"url\":\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024\",\"name\":\"The FIA regains stable finances with a projected profit for 2024 - Motorsinside English\",\"isPartOf\":{\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casinoenligne.uk.com\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/1500_edito_09DTWWmDefquaGtFj1JnnwdXo6aOBx_nPm01J7DGgTGOzGz9ONAJcMrCQ6xsaH5jUf1j_wgBx149__qLyKG5acetNZV2ytKPw3PS.webp\",\"datePublished\":\"2024-12-13T13:07:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/#\/schema\/person\/5c7ccbd9309a55aa275f5105ea143477\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024#primaryimage\",\"url\":\"https:\/\/www.casinoenligne.uk.com\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/1500_edito_09DTWWmDefquaGtFj1JnnwdXo6aOBx_nPm01J7DGgTGOzGz9ONAJcMrCQ6xsaH5jUf1j_wgBx149__qLyKG5acetNZV2ytKPw3PS.webp\",\"contentUrl\":\"https:\/\/www.casinoenligne.uk.com\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/1500_edito_09DTWWmDefquaGtFj1JnnwdXo6aOBx_nPm01J7DGgTGOzGz9ONAJcMrCQ6xsaH5jUf1j_wgBx149__qLyKG5acetNZV2ytKPw3PS.webp\",\"width\":1500,\"height\":1000},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/#website\",\"url\":\"https:\/\/www.casinoenligne.uk.com\/en\/\",\"name\":\"Motorsinside English\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casinoenligne.uk.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/#\/schema\/person\/5c7ccbd9309a55aa275f5105ea143477\",\"name\":\"La r\u00e9dac\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casinoenligne.uk.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/24fb5ef66cba2d7f193d0ae8eb544ee92696906a0c8d80f48caa0db26c199b84?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/24fb5ef66cba2d7f193d0ae8eb544ee92696906a0c8d80f48caa0db26c199b84?s=96&d=mm&r=g\",\"caption\":\"La r\u00e9dac\"},\"description\":\"L'\u00e9quipe de Motors Inside vous informe sur la Formule 1 depuis le paddock. Cr\u00e9\u00e9 en 2007, Motors Inside est accr\u00e9dit\u00e9 pour la F1 notamment depuis 2011.\",\"sameAs\":[\"https:\/\/www.casinoenligne.uk.com\/\",\"https:\/\/www.facebook.com\/MotorsInside\/\",\"https:\/\/www.instagram.com\/motorsinside\",\"https:\/\/www.linkedin.com\/company\/motorsinside\",\"https:\/\/x.com\/https:\/\/x.com\/MotorsInside\"],\"url\":\"https:\/\/www.casinoenligne.uk.com\/en\/author\/rmathon\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The FIA regains stable finances with a projected profit for 2024 - Motorsinside English","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024","og_locale":"en_US","og_type":"article","og_title":"The FIA regains stable finances with a projected profit for 2024 - Motorsinside English","og_description":"The FIA sought to reassure the federations and key individuals managing the sport, stating that unlike in previous years, the 2024 accounts would be healthy. The profit forecast for the current year is currently 2.2 million euros.","og_url":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024","og_site_name":"Motorsinside English","article_author":"https:\/\/www.facebook.com\/MotorsInside\/","article_published_time":"2024-12-13T13:07:32+00:00","author":"La r\u00e9dac","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/MotorsInside","twitter_misc":{"Written by":"La r\u00e9dac","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024","url":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024","name":"The FIA regains stable finances with a projected profit for 2024 - Motorsinside English","isPartOf":{"@id":"https:\/\/www.casinoenligne.uk.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024#primaryimage"},"image":{"@id":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024#primaryimage"},"thumbnailUrl":"https:\/\/www.casinoenligne.uk.com\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/1500_edito_09DTWWmDefquaGtFj1JnnwdXo6aOBx_nPm01J7DGgTGOzGz9ONAJcMrCQ6xsaH5jUf1j_wgBx149__qLyKG5acetNZV2ytKPw3PS.webp","datePublished":"2024-12-13T13:07:32+00:00","author":{"@id":"https:\/\/www.casinoenligne.uk.com\/en\/#\/schema\/person\/5c7ccbd9309a55aa275f5105ea143477"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/35491-the-fia-regains-stable-finances-projected-profit-for-2024#primaryimage","url":"https:\/\/www.casinoenligne.uk.com\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/1500_edito_09DTWWmDefquaGtFj1JnnwdXo6aOBx_nPm01J7DGgTGOzGz9ONAJcMrCQ6xsaH5jUf1j_wgBx149__qLyKG5acetNZV2ytKPw3PS.webp","contentUrl":"https:\/\/www.casinoenligne.uk.com\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/1500_edito_09DTWWmDefquaGtFj1JnnwdXo6aOBx_nPm01J7DGgTGOzGz9ONAJcMrCQ6xsaH5jUf1j_wgBx149__qLyKG5acetNZV2ytKPw3PS.webp","width":1500,"height":1000},{"@type":"WebSite","@id":"https:\/\/www.casinoenligne.uk.com\/en\/#website","url":"https:\/\/www.casinoenligne.uk.com\/en\/","name":"Motorsinside English","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casinoenligne.uk.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casinoenligne.uk.com\/en\/#\/schema\/person\/5c7ccbd9309a55aa275f5105ea143477","name":"La r\u00e9dac","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casinoenligne.uk.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/24fb5ef66cba2d7f193d0ae8eb544ee92696906a0c8d80f48caa0db26c199b84?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/24fb5ef66cba2d7f193d0ae8eb544ee92696906a0c8d80f48caa0db26c199b84?s=96&d=mm&r=g","caption":"La r\u00e9dac"},"description":"L'\u00e9quipe de Motors Inside vous informe sur la Formule 1 depuis le paddock. Cr\u00e9\u00e9 en 2007, Motors Inside est accr\u00e9dit\u00e9 pour la F1 notamment depuis 2011.","sameAs":["https:\/\/www.casinoenligne.uk.com\/","https:\/\/www.facebook.com\/MotorsInside\/","https:\/\/www.instagram.com\/motorsinside","https:\/\/www.linkedin.com\/company\/motorsinside","https:\/\/x.com\/https:\/\/x.com\/MotorsInside"],"url":"https:\/\/www.casinoenligne.uk.com\/en\/author\/rmathon"}]}},"_links":{"self":[{"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/posts\/30632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/comments?post=30632"}],"version-history":[{"count":0,"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/posts\/30632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/media\/45194"}],"wp:attachment":[{"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/media?parent=30632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/categories?post=30632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casinoenligne.uk.com\/en\/wp-json\/wp\/v2\/tags?post=30632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}