F1 information: FIA president calls out outdated regime for ‘negligence’ in creating tens of millions of debt | F1 | Sport

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FIA president Mohammed Ben Sulayem has positioned strain on his predecessors after revealing that the ‘negligence’ of the outdated regime led to the debt presently dealing with the governing physique.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 turn into 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 house owners in 200 nations around the globe. Headed by the FIA President, its membership is chosen by the FIA Normal Meeting, which comprises representatives from nationwide car golf equipment all through the world.Ben Sulayem believes the monetary restrictions the physique faces because of poor governance up to now is the explanation why the FIA can not implement modifications in the way in which they need going forwards. The 60-year-old revealed he has turned to consulting companies in addition to accountancy firms to determine the most effective route.“I requested the opinion of a world 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. READ MORE: Lewis Hamilton makes sturdy declare amid ongoing Mercedes miseryBen Sulayem hopes to see ‘good modifications’ to F1 as he appears to be like 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press forward with alterations to re-invent the FIA.“One of many issues that the analysis confirmed is that FIA is ‘outdated’,” Ben Sulayem added. “Whenever you say ‘outdated’, in fact it’s ‘outdated’ with 117 years of existence. However not outdated in personnel, ‘outdated’ in considering. “We are able to’t be ‘outdated’ in a dynamic sport. Take a look at all this expertise, you need 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 file 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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