Ben Sulayem leads FIA to major financial recovery with best results in almost a decade

FIA President Mohammed Ben Sulayem. supplied
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Updated 20 May 2025
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Ben Sulayem leads FIA to major financial recovery with best results in almost a decade

  • Global motorsport organization returns to profit in FY2024, reversing years of deficits

Dubai: The Federation Internationale de l’Automobile has reported its strongest financial performance in almost 10 years, marking a significant turnaround under the presidency of Mohammed Ben Sulayem.

According to figures released this week, the global governing body for motorsport and mobility organisations achieved an operating result of €4.7 million ($5.2 million) for the fiscal year 2024, a dramatic recovery from the €24 million loss recorded in 2021, the year before Ben Sulayem took office.

The turnaround is attributed to a wide-ranging strategic transformation led by the administration. Since taking office, Ben Sulayem has prioritized reforms in financial governance, transparency and operational efficiency across the organization.

“Upon my election as president of the FIA, I committed to ensuring a profitable operation,” said Ben Sulayem. “Today, I am incredibly proud to show that we have achieved this mission, delivering the strongest set of financial results in eight years.”

The FIA reported a total operating income of €182 million for 2024, a 17 percent year-on-year increase, with no outstanding financial debt and an equity ratio of 45 percent, signaling improved financial stability.

Key reforms introduced since 2021 include strengthened procurement controls, the introduction of quarterly internal reporting and a robust financial steering model. These changes have improved budget oversight and allowed the FIA to better allocate resources in line with its strategic objectives across both motorsport and mobility.

The federation also introduced a mid-year general assembly, ensuring more timely financial accountability, and will publish its second consecutive annual activity report ahead of the 2024 general assembly in June. The latest report will include a newly enhanced profit and loss presentation format aimed at increasing transparency.

The improved financial position enables the FIA to reinvest in its core programs, including support for 245 member clubs worldwide and the development of the seven world championships under its governance. It also strengthens the FIA’s ability to deliver on key objectives, including sustainability initiatives and grassroots motorsport development.

A nonprofit organization, the FIA is now well positioned to build on its financial recovery and continue delivering on its broader mandate to promote safe, accessible and sustainable motorsport on a global scale.


Lategan leads the Dakar, champion Al-Rajhi withdraws

Updated 08 January 2026
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Lategan leads the Dakar, champion Al-Rajhi withdraws

  • Lategan, last year’s overall runner-up, took his fifth career stage win and led Qatar’s Nasser Al-Attiyah by three minutes and 55 seconds

ALULA, Saudi Arabia: Saudi Arabia’s Dakar Rally champion Yazeed Al-Rajhi declared an end to his title defense and withdrew on Wednesday as South African Henk Lategan dominated the fourth stage for Toyota and took over at the top.

Al-Rajhi had been struggling from the start in his customer entry Toyota Hilux, and was already 19th when he withdrew with technical issues 234km into the 452km part of a two-day marathon stage around AlUla.

“Sadly, our Dakar 2026 journey ends here,” he posted on Facebook. “We’ll come back stronger next year.”

The Saudi explained later that he had lost half an hour with two punctures and, with nearly half the stage remaining until the bivouac and having to go slow with no further ‌spare available, ‌had called it a day.

It ended a difficult ‌year for the Saudi ‌since he won last year, with Al-Rajhi crashing in Jordan last April and breaking two vertebrae. He returned to competition only in September.

Lategan, last year’s overall runner-up, took his fifth career stage win and led Qatar’s Nasser Al-Attiyah by three minutes and 55 seconds.

“Yesterday, we had a total of nine punctures. It’s unbelievable. I think that’s a record in three days. I was lost,” the factory Toyota driver said, his happiness tempered by missing his son’s sixth birthday.

“I didn’t know what to do on the rocks, ‌whether to slow down or not, attack or ‍not. Today I decided to forget ‍all that and just go for it. It’s a lottery anyway.”

Al-Attiyah, a five-times ‍Dakar winner now with the Dacia Sandriders team, was second in the stage — more than seven minutes behind Lategan — to move up from 10th overnight.

“We did a good job, we’re here, and I think we didn’t lose too much time. It might even be good for our start position tomorrow,” he said.

“We didn’t need to push any harder; we’re still some way back. The car is in good condition and we’re happy.”

Ford’s Mattias Ekstrom was in third place overall with teammate and four-time Dakar winner Carlos Sainz fourth and nearly 16 minutes off the lead.

Ford’s overnight leader Mitch Guthrie of the US dropped to 13th.

In the motorcycle category, Spaniard Tosha Schareina took the lead for Honda from Australia’s defending champion Daniel Sanders, who dropped to third on his KTM. American Ricky Brabec was second.

Schareina and Brabec finished the stage in a Honda one-two-three with American Skyler Howes third and Sanders fifth.

“I made some silly mistakes in the navigation. After the refuel, I tried to push and make up time,” said Sanders.

“I felt ‌better in the last half. The bike’s okay. There was a lot of rocks. I tried to protect my tires. We’ll see what happens tomorrow.”