AFP, Lausanne :
FIFA is to make available $1.5 billion in grants and loans as a relief fund to help associations impacted by the coronavirus, world football’s governing body announced on Thursday.
Gianni Infantino, the FIFA president, said the relief fund had been “unanimously approved” by the members of its council and insisted there would be “strict controls” on how the money is spent.
All 211 member associations will be entitled to a “basic solidarity grant” of $1 million each as well as $500,000 which must be invested in women’s football.
In addition, member associations can also apply for a COVID-19 relief loan worth 35 percent of their revenue up to a maximum of $5 million each. Continental governing bodies will get $2 million as a relief grant, and can also apply for an extra $4 million relief loan.
FIFA is to make available $1.5 billion in grants and loans as a relief fund to help associations impacted by the coronavirus, world football’s governing body announced on Thursday.
Gianni Infantino, the FIFA president, said the relief fund had been “unanimously approved” by the members of its council and insisted there would be “strict controls” on how the money is spent.
All 211 member associations will be entitled to a “basic solidarity grant” of $1 million each as well as $500,000 which must be invested in women’s football.
In addition, member associations can also apply for a COVID-19 relief loan worth 35 percent of their revenue up to a maximum of $5 million each. Continental governing bodies will get $2 million as a relief grant, and can also apply for an extra $4 million relief loan.
