FIA President Mohammed Ben Sulayem agrees to strategic future plan with Formula 1 management

BEN SULAYEM Mohammed (uae), President of the FIA, portrait DOMENICALI Stefano (ita), Chairman and CEO Formula One Group FOG, portrait during the 2023 Formula 1 Etihad Airways Abu Dhabi Grand Prix, 22th round of the 2023 Formula One World Championship from November 24 to 26, 2023 on the Yas Marina Circuit, in Abu Dhabi. Image Courtesy: Florent Gooden / DPPI
FLORENT GOODEN / DPPI Media

The two parties agree to collaborate on a new strategy that shapes the future of the FIA Formula One World Championship

Press Release

May 16, 2024

PHOTO
BEN SULAYEM Mohammed (uae), President of the FIA, portrait DOMENICALI Stefano (ita), Chairman and CEO Formula One Group FOG, portrait during the 2023 Formula 1 Etihad Airways Abu Dhabi Grand Prix, 22th round of the 2023 Formula One World Championship from November 24 to 26, 2023 on the Yas Marina Circuit, in Abu Dhabi. Image Courtesy: Florent Gooden / DPPI

Cairo - FIA president Mohammed Ben Sulayem has sealed a deal with Formula One Management (FOM) CEO Stefano Domenicali, whereby the two parties agree to collaborate on a new strategy that shapes the future of the FIA Formula One World Championship.

Attending the Miami Grand Prix earlier this month, Mohammed Ben Sulayem said that the relationship between FIA and FOM, the sport’s commercial rights holder, “has never been better” and the two were working to further strengthen their alliance.

Commenting on the latest agreement, Mohammed Ben Sulayem said: “I am very much looking forward to working closely with Stefano Domenicali on a strategic plan to safeguard the future of Formula 1.”

In a joint statement, FIA and FOM asserted that “Growing globally, the FIA Formula 1 World Championship has never been stronger. Both FIA and FOM are committed to delivering the best outcomes for the whole sport”, adding “we are developing a new strategic plan that will allow us to seize the opportunities and further enhance the F1 potential in the coming years.”

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