MX23RW : Sunday, November 17 21:30:13| >> :600:144139594:144139594:

Coronavirus latest: FIFA releases £121m to help national associations

Each of FIFA's 211 member countries will receive at least £400,000.

FIFA is releasing around 150 million US dollars (£121million) to its national associations whose finances have been badly affected by the coronavirus pandemic.

The game's world governing body said each of its 211 member countries would receive 500,000 US dollars in the coming days plus any entitlement under the Forward 2.0 development programme.

FIFA president Gianni Infantino described it as the "first step" in a wider plan to assist those struggling due to the Covid-19 outbreak.

"The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, it is FIFA's duty to be there and support the ones that are facing acute needs," he said.

"This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress. This is the first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community."

FIFA said the money represented operational funding for 2019 and 2020. Under normal circumstances, the associations would only receive full funding upon fulfilment of specific criteria such as the organisation of a set number of men's, women's and youth competitions, but was providing it to protect its members.

The English Football Association announced earlier this month that it could lose up to £150m as a result of the pandemic. It has implemented wage cuts, initially for the next three months, with its top earners including England manager Gareth Southgate sacrificing 30 per cent of their salary.

England manager Gareth Southgate has accepted a wage cut to assist the FA with cash flow
England manager Gareth Southgate has accepted a wage cut to assist the FA with cash flow (Tim Goode/PA)

FIFA said the next stages of its financial relief plan are being worked on and would be communicated in due course.

Tranmere chairman and former FA chief executive Mark Palios told the PA news agency last month that the English Football League should look to tap into the FIFA fund.

Clubs in the EFL are facing severe financial difficulties because of the loss of matchday revenue and in many cases have furloughed staff under the Government's coronavirus job retention scheme.

Palios, who is a member of the EFL's financial working group, said: "If FIFA has raised some kind of fund like this, then yes we would like to get our fair share of it into the EFL."

FIFA is reported to have cash reserves of around 2.7 billion US dollars (almost £2.2bn).

ID:397503: cacheID:397503:1false2false3false:QQ:: from db desktop :LenBod:restore:5459:
Restore Data
Share this article now:
Bayern Munich's Philippe Coutinho celebrates scoring their third goal against Koln on September 21, 2019
Read Next:
Everton 'willing to meet Barcelona's Coutinho demands'
>
rhs 2.0
Today's games header
6pm
Packers
@
Bears
6pm
Raiders
@
Dolphins
6pm
Colts
@
Jets
6pm
Jags
@
Lions
6pm
Rams
@
Patriots
6pm
Browns
@
Saints
6pm
Ravens
@
Steelers
6pm
Vikings
@
Titans
9.05pm
Seahawks
@
49ers
9.05pm
Falcons
@
Broncos
9.25pm
Chiefs
@
Bills
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City117222213923
3Chelsea115422113819
4Arsenal115421812619
5Nottingham ForestNott'm Forest115421510519
6Brighton & Hove AlbionBrighton115421915419
7Fulham115331613318
8Newcastle UnitedNewcastle115331311218
9Aston Villa115331717018
10Tottenham HotspurSpurs1151523131016
11Brentford115152222016
12Bournemouth114341515015
13Manchester UnitedMan Utd114341212015
14West Ham UnitedWest Ham113351319-612
15Leicester CityLeicester112451421-710
16Everton112451017-710
17Ipswich TownIpswich111551222-108
18Crystal Palace11146815-77
19Wolverhampton WanderersWolves111371627-116
20Southampton11119721-144


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!