Connect with us

AFP

FIFA to give members $150m of virus relief funds

Photo credit: AFP

Lausanne (AFP) – FIFA will release $150 million (139 million euros) to its member football associations to help handle financial troubles caused by the coronavirus, the global governing body said on Friday.

FIFA said that “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 fulfullment of specific criteria”, but will release those funds and any “remaining entitlement for 2019 and 2020”.

FIFA president Gianni Infantino said 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,” added Infantino. “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 (around 1.6 billion euros) in total over the 2019-2022 period.

Last month FIFA announced the creation of a football aid fund but it has since not given any additional details on its operation or scope.

200+ Channels With Sports & News
  • Starting price: $33/mo. for fubo Latino Package
  • Watch Premier League, World Cup, Euro 2024 & more
  • Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
  • Price: $69.99/mo. for Entertainment package
  • Watch World Cup, Euro 2024 & MLS
  • Includes ESPN, ESPN2, FS1 + local channels
Many Sports & ESPN Originals
  • Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
  • Features Bundesliga, LaLiga, Championship, & more
  • Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
  • Price: $4.99/mo
  • Features Champions League, Serie A, Europa League & NWSL
  • Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
  • Starting price: $4.99/mo. for Peacock Premium
  • Watch 175 exclusive EPL games per season
  • Includes Premier League TV channel plus movies, TV shows & more
Click to comment

Leave a Reply

Your email address will not be published.

More in AFP

Translate »