STOCK MARKET BSE NSE

FIFA ratifies coronavirus relief for soccer bodies

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

Published: 29th July 2020 07:51 PM  |   Last Updated: 29th July 2020 07:51 PM   |  A+A-

FIFA

For representational purposes (File Photo | AFP)

By PTI

ZURICH: FIFA has ratified a coronavirus relief plan that will make $1.5 billion available to soccer 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 soccer during the plan's third phase.

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

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

FIFA expects to make the funds available by January 2021.


TAGS
FIFA

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp