COVID-19 Pandemic: FIFA to Support USD150 Million Across the Globe
By Bakary Ceesay
World Football governing body, FIFA has revealed that it will support 211 national football governing bodies around the globe with USD 150 million as a relief plan assist the football community impacted by the COVID-19 pandemic.
FIFA will release all operational funding due to member associations for the years 2019 and 2020 in the coming days as the first step of a relief plan to assist the football community impacted by the COVID-19 pandemic.
This measure will mean that a total of around USD 150 million will be distributed among the 211 national football governing bodies around the world.
“The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, it is FIFA’s duty to be there and support the ones that are facing acute needs,” said FIFA President Gianni Infantino. “This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.
“This is the first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community. Together with our stakeholders, we are we assessing the losses and we are working on the most appropriate and effective tools to implement the other stages of this relief plan.
“I would like to thank the chairpersons of the FIFA Development Committee, Shaikh Salman Bin Ebrahim Al Khalifa, and the FIFA Finance Committee, Alejandro Domínguez, for their commitment and urgent approval of these measures by their committees.”
As part of the measure, all remaining entitlements of member associations to operational costs under the Forward 2.0 Programme will be released in full for the years 2019 and 2020. In particular, the release of the second instalment of operational costs for 2020, which was originally due in July, will be paid immediately.
Under normal circumstances, FIFA’s member associations would have only received the full amount of the contribution upon fulfillment of specific criteria. Instead, FIFA is now transferring this amount as an active support to help safeguard football across all member associations.
Concretely, this means that FIFA will release USD 500,000 to each member association in the coming days as well as any remaining entitlement for 2019 and 2020.
Source: FIFA Website