In the coming days, FIFA will send to its member federations all the pending funds destined to cover operational expenses for the years 2019 and 2020. This is the first phase of the plan to help the football community affected by the pandemic. Thanks to this measure, some 150 million dollars will be distributed among the 211 organs in each country.
“The pandemic has caused unprecedented difficulties for the entire football community and, as the world governing body, FIFA has a duty to support those who need it most,” said Gianni Infantino, head of the world football’s motherhouse. He emphasized the “serious economic problems” of the federations caused by the pandemic and that this led to the decision to transfer funds.
In addition, he thanked Alejandro Domínguez (president of CONMEBOL and the FIFA finance commission) and Salmán bin Ebrahim al Jalifa (president of the FIFA development commission) for the swift approval of these urgently required measures.
The 2019 and 2020 funds allocated to operating expenses under the Forward 2.0 Regulation that are still pending payment will be fully paid. This refers in particular to the second payment of 2020, scheduled for July, and to be paid immediately.
Under normal circumstances, FIFA member associations would only receive the full funds after they had met specific criteria; however, in this case FIFA will transfer them as an active support measure, in order to financially assist the federations. In total, each will receive $ 500,000.
Member federations must use this immediate financial aid to face the negative consequences of COVID-19 in soccer, that is, to fulfill the economic or operational obligations that they may have with respect to their staff and third parties. The standard obligations and responsibilities regarding the use of these funds, as explained in the Forward 2.0 Regulations.
On the end, the statement highlights “the solid financial situation that FIFA has acquired in the last four years.” While the pandemic continues, further measures are expected to continue helping the federations and, consequently, the clubs.