FIFA Looking To Financially Assist Clubs Affected By COVID-19 Pandemic

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FIFA Looking To Financially Assist Clubs Affected By COVID-19 Pandemic 

Post#1 » by RealGM Wiretap » Tue Mar 31, 2020 6:18 pm

FIFA released a statement saying they were looking to financially assist clubs hard-hit by a lack of matches due to the COVID-19 pandemic.

FIFA reportedly have a financial reserve of $2.745 billion.

\"FIFA is in a strong financial situation and it\'s our duty to do the utmost to help them in their hour of need,\" said the organization. \"FIFA is working on possibilities to provide assistance to the football community around the world after making a comprehensive assessment of the financial impact this pandemic will have on football.\"

The organization is also looking to create a program that would provide a financial lifeline for its member clubs.

\"The football community around the world is experiencing, to a greater or lesser extent, serious financial problems on account of the coronavirus outbreak,\" FIFA said. \"This threatens to disrupt and impair the ability of FIFA\'s member associations and other football organizations such as leagues and clubs to develop, finance and run football activities at all levels of the game, including professional, non-professional, youth and grassroots.\"

Via ESPN

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