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FIFA approves $1.5 billion Covid-19 relief plan

Olli Rehn

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.

26 June 2020 - 8:09 AM

By Emil Gjerding Nielson

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