COVID-19: FIFA to give its member football associations $500,000 each

The World football governing body, FIFA has announced it will release $150million to its member football associations to help handle financial troubles caused by the coronavirus.

According to FIFA president Gianni Infantino,each national governing body will receive $500,000 says would normally be delivered “upon fulfullment of specific criteria”, but will release those funds and any “remaining entitlement for 2019 and 2020,”

The money comes from the Forward 2.0 programme, which was launched in 2016.It will provide $1.746billion in total over the 2019-2022 period.

Infantino further said 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.

The World football governing body 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.”

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