The world governing body said on Friday that operational funding for 2020 and 2019. Would be paid to 211 national governing bodies around the world.
$150 million for FIFA member associations
FIFA will distribute $150 million (€139 million/$122 million) to member associations. Over the next few days to support the impact of the coronavirus pandemic. The world governing body said on Friday that operational funding for 2020 and 2019. FIFA will pay to 211 national governing bodies around the world. The second installment of operating expenses for 2020 was due in July. But FIFA will make an early deposit “to help safeguard football across all member associations”. Each member association will receive $500,000, as well as any other remaining funds that they should have received. But FIFA recognized the need to quickly implement a financial assistance plan against the backdrop of the coronavirus outbreak.
FIFA supports those who are in dire need
FIFA President Gianni Infantino said: “The epidemic has caused unprecedented challenges for the entire football community. And as the world’s governing body, FIFA is obliging to be there and support those who are in dire need”. It starts with providing urgent financial assistance to our member associations, many of which are in severe financial difficulty. It is the first step of a far-reaching financial assistance plan that we are developing to respond to an emergency in the entire football community. “Together with our stakeholders, we evaluate losses and work on the most appropriate and effective tools to implement the other phases of this emergency plan.”
Gianni said: “I would like to thank the Chairmans of the FIFA Development Committee, Shaikh Salman Bin Ebrahim Al Khalifa, and the FIFA Finance Committee Alejandro Dominguez for the commitment and urgent approval of these measures by their committees”. According to FIFA, the financial relaxation plan is “possible due to the strong financial situation. Which FIFA has been able to unite over the past four years”. The coronavirus pandemic closed almost all leagues around the world and had a significant collision on the international game. As well as Euro 2020, Copa America, and the Olympics have all been forced to postpone their events.