FIA president calls out old regime for ‘negligence’ in creating millions of debt

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FIA president Mohammed Ben Sulayem has pointed to the previous whereas addressing the poor funds going through motorsport’s governing physique.

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FIA president Mohammed Ben Sulayem has positioned stress on his predecessors after revealing that the ‘negligence’ of the previous regime led to the debt at the moment going through the governing physique. Ben Sulayem received the presidential election only one week after the controversial championship finale noticed Max Verstappen win the world title on the 2021 Abu Dhabi Grand Prix.

Ben Sulayem changed Jean Todt to grow to be the tenth president of the FIA of their historical past. Todt ran the governing physique from 2009 to 2021 after beforehand serving because the CEO of Ferrari from 2004 to 2008. 

The FIA is the worldwide sporting authority for motorsport and represents over 100 million automobile homeowners in 200 nations around the globe. Headed by the FIA President, its membership is chosen by the FIA Common Meeting, which comprises representatives from nationwide car golf equipment all through the world.

Ben Sulayem believes the monetary restrictions the physique faces resulting from poor governance previously is the rationale why the FIA can’t implement adjustments in the way in which they need going forwards. The 60-year-old revealed he has turned to consulting corporations in addition to accountancy corporations to determine the perfect route.

“I requested the opinion of a worldwide administration consulting agency, McKenzie & Firm,” Ben Sulayem instructed Grand Prix 247 when requested in regards to the funds left to the FIA by Todt. “The finance aspect is weak. 

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FIA president calls out old regime for 'negligence' in creating millions of debt

Mohammed Ben Sulayem believes the previous regime are responsible for the FIA’s debt (Picture: GETTY)

“I don’t see anybody meant to misuse the funds. It was negligence. 

“We now have 23 million euros for our operation. I’m assured that with the suitable workforce, proper strategy, the suitable plan and a ravishing federation, we’ll break even inside lower than two years.

“Deloitte and McKenzie are engaged on the audits to analyse and provides us their ideas. So, it’s going effectively. 

“However the challenges won’t ever cease. Within the first six months to this point, I’d say it has been difficult.”

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FIA president calls out old regime for 'negligence' in creating millions of debt

Purple Bull star Sergio Perez received the Monaco Grand Prix final weekend (Picture: GETTY)

Ben Sulayem hopes to see ‘good adjustments’ to F1 as he appears in the direction of a more healthy and extra dynamic future even whereas the FIA is hamstrung by funds. Regardless, he’ll press forward with alterations to re-invent the FIA.

“One of many issues that the analysis confirmed is that FIA is ‘previous’,” Ben Sulayem added. “Whenever you say ‘previous’, after all it’s ‘previous’ with 117 years of existence. However not previous in personnel, ‘previous’ in considering. 

“We will’t be ‘previous’ in a dynamic sport. Take a look at all this know-how, it’s a must to sustain with it and to improve on a regular basis.”

The 22-race F1 2022 marketing campaign – which is predicted to return to a document 23 races within the close to future as soon as a Russian Grand Prix substitute is discovered – continues with the Azerbaijan Grand Prix in Baku on June 12.

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