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Sports Football 25 Apr 2020 FIFA to make advance ...

FIFA to make advance payments to members

PTI
Published Apr 25, 2020, 12:20 pm IST
Updated Apr 25, 2020, 12:20 pm IST
Member associations are entitled to $6 million each from FIFA spread over the four-year World Cup cycle
World football governing body
 World football governing body

Lausanne: FIFA says advance payments of $500,000 are being sent to member associations to cover running costs during the coronavirus pandemic.

Each of the 211 member associations is entitled to $6 million from FIFA spread over the four-year World Cup cycle.

 

FIFA says the next instalment due in July will be paid now in the coming days along with other payments due from last year.

FIFA is easing some criteria required before being paid but the money is still subject to audit checks.

FIFA president Gianni Infantino says the soccer body has a duty “to be there and support the ones that are facing acute needs.”

FIFA previously said it will make substantial sums from its $2.7 billion reserves available in an emergency fund.

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Location: Switzerland, Vaud, Lausanne




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