FIFA releases $ 1.5 billion for covid-19 relief fund
FIFA releases $ 1.5 billion for covid-19 relief fund
Share:

FIFA's regulatory council has unanimously released a 1.5 billion covid-19 relief fund to help world football. In this regard, FIFA has said that in view of its 211 federation, each union will be paid 10 million dollars, one installment of which will be given in July this year while the remaining installment will be given in January next year.

At the same time, a lump sum of $ 500,000 will be given to start the women's football well. Six Mahadipayi federations will be given $ 2 million from the FIFA reserve fund. FIFA has announced this.

FIFA said that its member associations can apply for a loan of up to 35 per cent as per their annual income. Loans up to a limit of at least $ 500,000 will be available and in addition to this, there will be an additional loan of up to $ 5 million. Also, every confederation can get a loan of 4 million dollars.

Also Read:

Brazil's Serie A set for August return

Wrestling Federation of India to terminate women's coach Andrew Cook

Sports Ministry withdraws recognition granted to 54 Sports Federation

Squash tournaments will not start in India until September

 

Join NewsTrack Whatsapp group
Related News