FIFA approves $1.5 billion Covid-19 relief plan

26 June 2020

Olli Rehn
Photo: PA Images A committee will be established to ensure effective oversight of the plans with strict controls on the use of funds, audit requirements and loan repayment conditions. Leading the committee will be Olli Rehn, the deputy chairman of the FIFA Governance Committee, who is also the governor of the Bank of Finland,

All forward operational-cost payments will be immediately released to FIFA's member associations.

A $1 million grant will be made available to member associations who will also be able to apply for interest-free loans amounting to up to 35 per cent of their audited revenues.

Emil Gjerding Nielson nielson@offthepitch.com

The FIFA Council has approved a Covid-19 relief plan which in three stages will make up to $1.5 billion available for the global football community in the form of grants and loans.

Immediately, under the first two stages, all forward operational-cost payments have been made available to member associations with the opportunity to transform forward development grants into operational relief funds, earmarking a minimum of 50 per cent of those to women's football.

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