Football

FIFA release $150m to all its members to help them financially amid coronavirus

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.

Source: Published by afp

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Sylvester Okpe
Sylvester Okpe
2 months ago

That’s what I call care, that’s why it remains the biggest body in history of football

Wamuo Chinemerem Moses
Wamuo Chinemerem Moses
2 months ago

They must do well and clear coronavirus

Osuji Caleb ikechi
Osuji Caleb ikechi
2 months ago

Wow that’s so nice from FIFA

Oladele Akinola Oludare
Oladele Akinola Oludare
2 months ago

I think this is good Gesture from world Football Governing body at this period
When the World is witness wost deverstating health pendemic.
This will go along way in helping Football
to Sustain it Momentum on World Sport.

Prince
Prince
2 months ago

Wow that’s great news

Johnson Hernandez
Johnson Hernandez
2 months ago

That’s good nice move from fifa
Football we still exist

Chetachi Nwabueze
Chetachi Nwabueze
1 month ago

Good one by FIFA

Omenogor Lucky
Omenogor Lucky
1 month ago

Wow FIFA as done well.

TSOKWA PUNARIMAM
TSOKWA PUNARIMAM
1 month ago

Good…i love that

Mohammed Nma madiwu
Mohammed Nma madiwu
26 days ago

Covid-19 don’t have anything to do with that

Adeleke Tunde Ridwan
Adeleke Tunde Ridwan
18 days ago

FIFA is amazing. Good government ,Good governance there.