FIFA are working on the details of a 'Football Marshall plan' to deal with the financial fall-out from the coronavirus pandemic, which will almost ...
MANCHESTER, England: FIFA are working on the details of a"Football Marshall plan" to deal with the financial fall-out from the coronavirus pandemic, which will almost certainly result in them dipping into their US$2.7 billion reserves.
"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 that due to FIFA's strong financial situation, the body has a duty to help those in need.The exact format and details of this assistance have yet to be decided but this week will see further consultations with FIFA’s member associations, the continental confederations and other stakeholders.
FIFA president Gianni Infantino's 2016 election campaign included plans to distribute the organisation's resources. At the time he declared:"The money of FIFA is your money, it’s not the money of the FIFA president.”
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