FIFA will release $150 million 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 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.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harvard says won't accept virus aid money after allHarvard University said Wednesday it would not take millions of dollars it received from a coronavirus relief fund, following a backlash led by President Donald Trump.
Read more »
Coronavirus: China to give WHO $30m after Trump freezes funding - Daily Post NigeriaChina has said it will give another $30 million to the World Health Organization (WHO), to help in the fight against COVID-19. This comes days after US
Read more »
China to give WHO $30 million more after US freezes funds – Daily TrustChina announced Thursday it will give another $30 million to the World Health Organization to help in the global fight against the coronavirus pandemic, days after Washington said it would freeze funding. The US, which is the WHO’s biggest contributor, accused the organisation last week of “mismanaging” the COVID-19 crisis, drawing ire from Beijing as …
Read more »
Chinese community gives N10m relief items - The Nation NigeriaCHINESE Community in Lagos, has donated 300 bags of rice, 500 cartons of noodles, N3 million worth of Spaghetti and a cheque of N10 million to Lagos State.
Read more »
Experimental Virus Drug Remdesivir Failed In COVID-19 Human Trial – ReportsExperimental Virus Drug Remdesivir Failed In COVID-19 Human Trial – Reports
Read more »
China to give WHO $30 million more after US freezes funds“China has decided to donate another $30 million in cash to the WHO, in addition to the previous donation of $20 million, to support the global fight against COVID-19 and strengthen developing countries’ health systems.”
Read more »