World football governing body, FIFA has confirmed it will release $150 million to 211 national football governing bodies around the world in a bid to help handle financial troubles caused by the Covid-19 pandemic.
“The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, FIFA must 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.
“Each national governing body will receive $500,000, that FIFA says would normally be delivered “upon fulfilment of specific criteria”, but will release those funds and any “remaining entitlement for 2019 and 2020,” he added.
The funds come from the Forward 2.0 programme, which was launched in 2016 and will provide $1.746 billion (around 1.6 billion euros) 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.
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