World football governing body, FIFA says it will release the 2019/ 2020 operation funds worth $150 million to its member associations as the first step to help mitigate the economic impact of the coronavirus pandemic.
FIFA added that each of its 211 member associations would receive $500,000 in the coming days and outstanding entitlements for 2019 and 2020.
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This is to cushion the burden of clubs that are struggling with loss of revenue caused by the current economic recession in most parts of the world as a measure to reduce the spread of the pandemic.
FIFA also said it would immediately release the second installment of operational costs for 2020, which was originally due in July, and which under normal circumstances member associations would have only received in full upon fulfillment of specific criteria.
(Editor: Terverr Tyav)
