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FIA defends itself from attacks over unclear accounting
Sutton Images Enlarge The FIA, no stranger to brickbats and criticism, has come under fire from an unlikely source with the 116-year old Royal Automobile Club (RAC) attacking it for a lack of disclosure in its accounts. The RAC, a members club which is not part of the breakdown service, was a founding member of the FIA. The FIA is based in Paris where it is not obliged to file publicly-accessible account as a non-profit-making organisation. The accounts are approved by its 236 members at the annual meeting and it believed the annual revenue is around £50 million. After the most recent meeting the Sunday Telegraph reported that Tom Purves, the RAC chairman, wrote to FIA president Jean...
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10y ago from espnF1.com
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