UEFA releases €236.5 millions to assist member associations amid COVID-19

Syed Umarullah HussainiWeb Editor

28th Apr, 2020. 09:45 am
UEFA releases

Union of European Football Associations  (UEFA) releases €236.5m to help member associations amid the coronavirus pandemic.

Media reports said  this funding usually distributed to the associations to cover running costs and to help develop specific and targeted areas of domestic football.

However, UEFA releases €236.5m to help member associations and  has decided to allow each of the 55 countries within its membership to use the money as they see fit with the football calendar disrupted to an enormous degree.

UEFA president Aleksander Ceferin in his statement said “Our sport is facing an unprecedented challenge brought about by the Covid-19 crisis,”

“UEFA wants to help its members to respond in ways that are appropriate to their specific circumstances.”

“As a result, we have agreed that up to €4.3m per association, paid for the remainder of this season and next,”

“As well as part of the investment funding, can be used as our members see fit to rebuild the football community.”

In addition to this he continued “I believe this is a responsible decision to help as much as we can; and I am proud of the unity that football is showing throughout this crisis.”

“Without doubt, football will be at the heart of life returning to normal. When that time comes, football must be ready to answer that call. ”

Earlier The Fédération Internationale de Football Association (FIFA) announced that each of its 211 member countries would receive $500,000 (€462,750).

The Football Association of Ireland (FAI) have received advances on UEFA funding in the last few months as they battle a financial crisis that precedes the outbreak of the pandemic.

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