Covid-19: FIFA releases $ 150 million to help federations

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FIFA announced Friday the advance payment “in the coming days” of $ 150 million in subsidies to its 211 member federations, that is to say all the aid for the years 2019 and 2020, in order to face the consequences of the pandemic of coronavirus.

“All the remaining allowances” intended to cover the operational costs of the member federations under the Forward program will be paid in full for the years 2019 and 2020, FIFA said in a statement.

The second installment of operational costs for 2020, “originally scheduled for July, will be paid immediately,” added the proceedings.

FIFA will thus pay USD 500,000 to each member association in the coming days, regardless of its size, as well as any remaining allocation for 2019 and 2020.

Normally, the 211 member federations would only have received the total amount of this aid after having “fulfilled specific criteria”. “Nevertheless, in the light of current circumstances, FIFA will pay this amount in order to help preserve football in all member federations,” said the body.

The Forward program, launched in 2016, provides aid to all federations, totaling $ 1.746 billion over the 2019-2022 period.

FIFA adds that this is “the first step in a plan to help the football community affected by the Covid-19 pandemic”.

The body had announced in mid-March the creation of a football assistance fund but it has not since given any additional details on its operation or its scope.