FIFA has announced that it will release the sum of $150 million to its member football associations to help handle financial troubles caused by the coronavirus.
World football governing body President, Gianni Infantino made this known yesterday in a statement.
According to him, “All operational funding for 2019 and 2020 would be distributed amongst the 211 member associations in the next few days as the first step of a relief plan to assist the football community impacted by the COVID-19 pandemic.”
“Each national governing body will receive $500,000, that FIFA says would normally be delivered “upon fulfillment of specific criteria”, but will release those funds and any “remaining entitlement for 2019 and 2020,” he added.
Infantino went on to state that the funds were the “first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community.
“It is FIFA’s duty to be there and support the ones that are facing acute needs. This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.”
The funds come from the Forward 2.0 programme, which was launched in 2016 and will provide $1.746 billion in total over the 2019-2022 period.
This article was most recently revised and updated 3 years ago