Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

FIA reiterates claims of financial deficit amid Todt comments

by Dan Lawrence
2 years ago
A A
Ben Sulayem: F1 needs ‘more teams and fewer races’

Mohammed Bin Sulayem (UAE) FIA President on the grid. 07.10.2023. Formula 1 World Championship, Rd 18, Qatar Grand Prix, Doha, Qatar, Sprint Day. - www.xpbimages.com, EMail: requests@xpbimages.com © Copyright: Batchelor / XPB Images

Share on FacebookShare on Twitter

The FIA has reiterated its stance on the governing body’s financial situation after former President Jean Todt dismissed claims of a monetary deficit.

Todt was adamant in his conversation with French outlet L’Equipe that claims of a deficit in the region of $20 million when he left his post in December 2021 weren’t true.

“When I left, there must have been more than 250 million Euros in reserves,” Todt issued.

The FIA has since opened up on its financial situation from the start of Mohammed Ben Sulayam’s presidency with more clarity, insisting that its position is an open and honest one.

RelatedPosts

Yuki Tsunoda was charging down Liam Lawson in Baku

Yuki Tsunoda resisted ‘hero’ overtake attempt on F1 rival amid best Red Bull result

10 hours ago
Charles Leclerc insisted the Ferrari team orders gaffe in Baku mattered little

Why ‘sexier positions’ issue renders Ferrari F1 team orders blunder irrelevant

12 hours ago

“As the FIA president outlined during the annual general assemblies week in Baku, the FIA has been transparent in revealing that soon after the new presidential team took office, the financial state that was discovered was unsatisfactory and unsustainable,” said an FIA spokesman via Autosport.

“The federation was incurring significant losses.

“The senior leadership’s mission is to sustain the FIA, and while we are not for profit, we do need to at least have balanced books and ideally create a surplus to strengthen equity for unforeseen events and to invest in research and development in the areas of safety, technology, and regulation across sport and mobility and to meet our primary purpose of supporting our member clubs.

“We will be releasing figures for 2021-22 in the coming weeks and 2023 figures in mid-June 2024 for the extraordinary general assembly.”

F1 logo on the Mercedes FIA Safety Car. 01.09.2022. Formula 1 World Championship, Rd 14, Dutch Grand Prix, Zandvoort, Netherlands, Preparation Day. – www.xpbimages.com, EMail: requests@xpbimages.com © Copyright: Moy / XPB Images

The FIA Extraordinary General Assembly held on 22 June in Cordoba, Andalusia revealed that the governing body’s operating loss amounted to €24 million in 2021, coming down to €7 million in 2022 – with the trend looking to head in a positive direction again for 2023.

At the assembly back in June, Ben Sulayem said: “Through the hard work of all of us, we are moving the FIA to a firm financial footing and I would like to thank our team for all of their efforts.”

Ben Sulayem has reiterated on numerous occasions the difficulty of the financial situation he faced when taking up office at the FIA in late 2021 and Todt’s response downplaying these financial troubles has done little to avert the FIA’s stance on the situation.

Tags: BenSulayemF1FIATost
Share200Tweet125Share

Related Posts

Yuki Tsunoda was charging down Liam Lawson in Baku
Formula 1

Yuki Tsunoda resisted ‘hero’ overtake attempt on F1 rival amid best Red Bull result

10 hours ago
Charles Leclerc insisted the Ferrari team orders gaffe in Baku mattered little
Formula 1

Why ‘sexier positions’ issue renders Ferrari F1 team orders blunder irrelevant

12 hours ago
Alpine's miserable Baku weekend may have helped Flavio Briatore decide its 2026 line-up
Formula 1

How the Azerbaijan GP may have decided the 2026 Alpine F1 line-up

13 hours ago
Load More

Discussion about this post

Upcoming Races

#EventDate
18Singapore GP03-05 October
19United States GP17-19 October
20Mexico City GP24-26 October
21São Paulo GP07-09 November
22Las Vegas GP20-22 November

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri324
Lando Norris299
Max Verstappen255
George Russell212
Charles Leclerc165
Lewis Hamilton121
Andrea Kimi Antonelli78
Alexander Albon70
Isack Hadjar39
Nico Hulkenberg37

Click here for full Drivers’ Standings

Latest Articles

Yuki Tsunoda was charging down Liam Lawson in Baku
Formula 1

Yuki Tsunoda resisted ‘hero’ overtake attempt on F1 rival amid best Red Bull result

September 22, 2025
Charles Leclerc insisted the Ferrari team orders gaffe in Baku mattered little
Formula 1

Why ‘sexier positions’ issue renders Ferrari F1 team orders blunder irrelevant

September 22, 2025
Alpine's miserable Baku weekend may have helped Flavio Briatore decide its 2026 line-up
Formula 1

How the Azerbaijan GP may have decided the 2026 Alpine F1 line-up

September 22, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd