FIA Monetary Outcomes 2024
Through the end-of-year awards ceremony held in Rwanda’s capital, Kigali, the FIA issued an announcement positively commenting on the monetary report for the 2024 season. The group, led by Emirati Mohammed Ben Sulayem – who till a couple of days in the past had highlighted an absence of funds to rent a pool {of professional} stewards – offered the monetary outcomes, emphasizing the numerous discount in working prices with out slicing new initiatives.
This achievement was made attainable due to better deal with financial savings and elevated FIA revenues. Within the press launch, Place de la Concorde additionally supplied some figures for instance the extent of the advance. The deficit of 24 million euros recorded in 2021 has became a revenue of two.2 million euros in 2024. These figures, in response to the Federation itself, are the very best previously seven years and the primary constructive outcomes since 2018.
Ben Sulayem’s Remark
“This consequence,” explains Ben Sulayem, “is the fruit of our dedication to reforming the group within the areas of governance and funds. The brand new FIA management inherited an unsustainable monetary state of affairs in 2022. We labored onerous to scale back a major deficit and stabilized the general monetary well being of the Federation. We carried out price containment measures and income era methods to put the FIA on a extra sustainable monetary footing and to meet our major goal, which is to assist our member golf equipment.”
Dec 13, 2024
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