Written by : Jose Alvarado Sandoval ( Dj Malanga )
FIFA helps the majority of Federations throughout the world, which are being affected by the Covid-19 pandemic.
In a press release, issued a few moments ago, FIFA emphasizes that it will meet the expenses owed to the different Federations of the world, for operating expenses for the years 2019 and 2020. This is the full statement:
In the next few days, FIFA will send to the federations all the pending funds destined to cover operational expenses for the years 2019 and 2020. This is the first phase of the plan to help the football community affected by the pandemic. Thanks to this measure, some USD 150 million will be distributed among 211 soccer governing bodies in each country.
"The pandemic has caused unprecedented difficulties for the entire football community and, as the world governing body, FIFA has a duty to support those who need it most," said FIFA President Gianni Infantino. "The first thing is to provide financial support. immediately to our member federations, as many are having serious problems in this area. This is the first phase of a far-reaching economic support plan that we are developing to respond to the emergency situation experienced by the football community Global. In collaboration with our stakeholders, we are evaluating losses and working on the most appropriate and effective response mechanisms to implement them in the next phases of the aid plan. "
"I would like to thank the President of the FIFA Development Commission, Sheik Salmán bin Ebrahim al Jalifa, and the President of the FIFA Finance Commission, Alejandro Domínguez, for their commitment and for their committees having approved these measures are so urgent, "said the FIFA president.
As part of this measure, the 2019 and 2020 funds allocated to operating expenses under the Forward 2.0 Regulation that are still pending payment will be fully paid. This refers in particular to the second payment of 2020, scheduled for July, and to be paid immediately.
Under normal circumstances, FIFA member associations would only receive the full funds after they had met specific criteria; however, in this case FIFA will transfer them as an active support measure, in order to safeguard football in all member federations.
This means that in the next few days, each member federation will receive $ 500,000 and the outstanding funds from 2019 and 2020.
Member federations must use this immediate financial aid to mitigate the negative consequences of COVID-19 in soccer, that is, to fulfill the economic or operational obligations that they may have with respect to their staff and third parties. Standard obligations and responsibilities regarding the use of these funds, as explained in the Forward 2.0 Regulations, will continue to apply in full and will be subject to audits and standard financial reporting processes.
The financial support plan is viable thanks to the solid financial situation that FIFA has acquired in the last four years. The following phases of the plan are currently being worked on; Later we will offer you more information.
FIFA helps the majority of Federations throughout the world, which are being affected by the Covid-19 pandemic.
In a press release, issued a few moments ago, FIFA emphasizes that it will meet the expenses owed to the different Federations of the world, for operating expenses for the years 2019 and 2020. This is the full statement:
In the next few days, FIFA will send to the federations all the pending funds destined to cover operational expenses for the years 2019 and 2020. This is the first phase of the plan to help the football community affected by the pandemic. Thanks to this measure, some USD 150 million will be distributed among 211 soccer governing bodies in each country.
"The pandemic has caused unprecedented difficulties for the entire football community and, as the world governing body, FIFA has a duty to support those who need it most," said FIFA President Gianni Infantino. "The first thing is to provide financial support. immediately to our member federations, as many are having serious problems in this area. This is the first phase of a far-reaching economic support plan that we are developing to respond to the emergency situation experienced by the football community Global. In collaboration with our stakeholders, we are evaluating losses and working on the most appropriate and effective response mechanisms to implement them in the next phases of the aid plan. "
"I would like to thank the President of the FIFA Development Commission, Sheik Salmán bin Ebrahim al Jalifa, and the President of the FIFA Finance Commission, Alejandro Domínguez, for their commitment and for their committees having approved these measures are so urgent, "said the FIFA president.
As part of this measure, the 2019 and 2020 funds allocated to operating expenses under the Forward 2.0 Regulation that are still pending payment will be fully paid. This refers in particular to the second payment of 2020, scheduled for July, and to be paid immediately.
Under normal circumstances, FIFA member associations would only receive the full funds after they had met specific criteria; however, in this case FIFA will transfer them as an active support measure, in order to safeguard football in all member federations.
This means that in the next few days, each member federation will receive $ 500,000 and the outstanding funds from 2019 and 2020.
Member federations must use this immediate financial aid to mitigate the negative consequences of COVID-19 in soccer, that is, to fulfill the economic or operational obligations that they may have with respect to their staff and third parties. Standard obligations and responsibilities regarding the use of these funds, as explained in the Forward 2.0 Regulations, will continue to apply in full and will be subject to audits and standard financial reporting processes.
The financial support plan is viable thanks to the solid financial situation that FIFA has acquired in the last four years. The following phases of the plan are currently being worked on; Later we will offer you more information.
