FIFA to release $150m of virus relief funds to members
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 fulfillment of specific criteria," but will release those funds and any "remaining entitlement for 2019 and 2020."
The coronavirus outbreak has brought soccer to a standstill and clubs have struggled to cope with the loss of revenue.
FIFA president Gianni Infantino said, "It is FIFA's duty to be there and support the ones that are facing acute needs."
"This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress," he added.
The funds come from the Forward 2.0 program, which was launched in 2016 and will provide $1.746 billion in total over the 2019-2022 period.
(With input from agencies)
Most Popular
- Home skaters primed for final Olympic rehearsal in Beijing
- China's northernmost province embraces ice and snow sports craze
- Tributes pour in after passing of Go legend Nie, 73
- China's extreme sports season opens with underwater dance event
- China reaches knockout stage for first time in AFC U23 Asian Cup
- China ties Iraq 0-0 in its U23 Asian Cup opening match




























