As he reaches the end of his first year in office, Mohamed Ben Sulayem, the President of the FIA, has revealed that he took over from Jean Todt with a deficit of 20 million euros and a lawsuit regarding the violation of a patent crucial to the development of the Halo.<\/p>\n
The president of the FIA explained that he had spent a lot of energy trying to fill the gap in the FIA’s budget deficit. He explained that there was a financial problem that couldn’t be talked about too much. “We had a deficit before the pandemic, but I’m happy that it has now been resolved,” he said.<\/p>\n
The financial problems of the FIA are one of the reasons that have prompted them to hire Nathalie Robin as the first director of the FIA, a new role within the international organization where previously the President was also the Director.<\/p>\n
\u00ab We have never had a director in our 118 years of existence. But if we have to solve all the problems we face, I cannot micro-manage everywhere. When you address the director, you are speaking about managing the organization, daily tasks, finances, and strategies. \u00bb<\/p>\n
The FIA laid off a lot of personnel this year, in Paris, Geneva, and other locations in Europe, partly to restore its budgetary balance and restructure itself.<\/p>\n
I’m going to be honest with you, this year we had a deficit of 20 million dollars and I’m glad to know that even with that, we never stopped supporting the various organizations around the world affiliated with the FIA.<\/p>\n
It was a year of learning and studying not just in Formula 1 but at the FIA in general, he continued.<\/p>\n","protected":false},"excerpt":{"rendered":"
At the end of last year, Mohammed Ben-Sulayem took over responsibility for the FIA from Jean Todt. The Dubai native explained that he began his career with a 20 million euro bill and a patent infringement lawsuit over the development of the Halo.<\/p>\n","protected":false},"author":4,"featured_media":32970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,1749],"tags":[370,1004],"class_list":["post-4754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-f1","category-news","tag-fia","tag-mohammed-ben-sulayem"],"acf":[],"yoast_head":"\n