FIFA ratifies COVID-19 relief plan, makes $1.5 billion available to associations, football communities

All of the 211 FIFA member associations will receive a $1 million grant “to protect and restart football” and can access interest-free loans of up to $5 million.

The Associated Press July 29, 2020 19:37:34 IST
FIFA ratifies COVID-19 relief plan, makes $1.5 billion available to associations, football communities

FIFA has ratified a coronavirus relief plan that will make $1.5 billion available to football communities and national associations around the world.

All of the 211 FIFA member associations will receive a $1 million grant “to protect and restart football” and can access interest-free loans of up to $5 million.

Each member association will also receive an additional $500,000 grant for women’s football during the plan’s third phase.

The massive spending plan aims to help men’s and women’s professional football as well as youth and grassroots football through a system of grants and loans.

Each of the six football confederations will also receive a grant of $2 million.

FIFA expects to make the funds available by January 2021.

 

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