FIFA will release USD 500,000 to each member association and any remaining entitlement for 2019 and 2020.
DOHA: FIFA will release all operational funding due to member associations for the years 2019 and 2020 as the first step of a relief plan to assist the football community impacted by the COVID-19 pandemic.
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.”
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.
This means 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)
