World football governing body, FIFA has disclosed plans to release the 2019/ 2020 operation funds worth $150 million to its member associations as the first step to help mitigate the economic impact of the coronavirus pandemic.
“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. This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.
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“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. Together with our stakeholders, we are we assessing the losses and we are working on the most appropriate and effective tools to implement the other stages of this relief plan.” FIFA stated in a statement.