FIFA President Gianni Infantino and his administration have taken significant steps to alleviate as much as possible the football community that has been hit by the coronation pandemic. So the top executive of the top football authority has decided to distribute the $ 150 million to all the national federations of the world.
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⚠️Coronavirus, FIFA: immediato sostegno finanziario alle federazioni associate La FIFA avvia un sostegno finanziario immediato alle federazioni associate in risposta all’impatto di COVID-19. Ecco le parole del presidente Gianni Infantino ➖ La FIFA rilascerà tutti i finanziamenti operativi dovuti alle federazioni associate per gli anni 2019 e 2020 nei prossimi giorni come primo passo di un piano di soccorso per aiutare la comunità calcistica colpita dalla pandemia di COVID-19. Questa misura comporterà la distribuzione di circa 150 milioni di USD tra i 211 organi di governo del calcio nazionale in tutto il mondo. ➖ ?? LEGGI L’ARTICOLO COMPLETO SUL SITO ➖ LINK IN BIO ➖ #fifa #calcio #soccer #football #calciomercato #seriea #ligue1 #bundesliga #premierleague #laliga #championsleague #europaleague #infantino #federationinternationale #foootballassociation #zurigo #zurich #ucl #el #uefa #coronavirus
This simply means that each of the 211 federations around the world will receive $ 500,000. Supporters in this effort were Gianni Infantino, the chairmen of FIFA’s Development Committee, Shaikh Salman Bin Ebrahim Al Khalifa, and his FIFA counterpart, Alejandro Domínguez, who pledged and immediately approved the move, of the necessary funds.
Under normal circumstances, FIFA’s member associations would have only received the full amount of the contribution upon fulfilment of specific criteria. Instead, FIFA is now transferring this amount as active support to help safeguard football across all member associations.
Concretely, this means that FIFA will release USD 500,000 to each member association in the coming days as well as any remaining entitlement for 2019 and 2020.
This immediate financial assistance should be used to mitigate the financial impact of COVID-19 on football in member associations, namely to meet financial or operational obligations that they may have towards staff and other third parties. The standard obligations and responsibilities in relation to the use of these funds as outlined in the Forward 2.0 Regulations remain fully applicable and will be subject to the standard audit and reporting process.
This financial relief plan is possible thanks to the strong financial position that FIFA has been able to consolidate over the past four years. The next stages of the plan are currently being finalised and will be communicated in due course.
FIFA President said
“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,” said FIFA President Gianni Infantino.
“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. 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.”
Definitely a commendable action on behalf of the world football authority !!!