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FIFA to set up fund to help leagues and players financially affected by coronavirus pandemic

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World soccer governing body FIFA are in the process of setting up a fund to help clubs and players affected by the coronavirus pandemic

World soccer governing body FIFA are in the process of setting up a fund to help clubs and players affected by the coronavirus pandemic

REUTERS

World soccer governing body FIFA are in the process of setting up a fund to help clubs and players affected by the coronavirus pandemic

World governing body FIFA is setting up a fund to assist competitions and players which have run into financial difficulty because of the coronavirus pandemic.

The Covid-19 outbreak has caused unprecedented disruption to sporting competition around the world, with many leagues indefinitely suspended.

In the UK that has led to some clubs furloughing non-playing staff, while others have asked players to defer wages.

FIFA is now set to dip into its reserves to help those competitions and clubs most affected.

"The football community around the world is experiencing, to a greater or lesser extent, serious financial problems on account of the coronavirus outbreak," a FIFA spokesperson said.

"This threatens to disrupt and impair the ability of FIFA's member associations and other football organisations such as leagues and clubs to develop, finance and run football activities at all levels of the game, including professional, non-professional, youth and grassroots."

The spokesperson added: "It is foreseen that in many parts of the world a considerable number of persons involved in football including both men and women players will be left in extremely difficult economic conditions.

"FIFA is in a strong financial situation and it's our duty to do the utmost to help them in their hour of need.

"Therefore, we confirm FIFA is working on possibilities to provide assistance to the football community around the world after making a comprehensive assessment of the financial impact this pandemic will have on football.

"The exact format and details of this assistance are currently being considered and discussed in consultation with FIFA's member associations, the confederations and other stakeholders, having in mind that a decision needs to be agreed and announced in the near future."

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