The logo of Fifa is seen in front of its headquarters in Zurich, Switzerland September 26, 2017. — Reuters pic
Fifa announced in April it would release US$150 million to its 211 member associations “as the first step of a relief plan”. Uefa shortly afterwards said it had allocated 236.5 million euros to its 55 member federations. “From salary caps to transfer fee caps or other taxation mechanisms, to the possible obligation for governing bodies, competition organisers and clubs to build reserves or to contribute to a reserve fund which can be of assistance in hours of need such as now.
A recent study by accounting firm KPMG said the transfer value of players in 10 of Europe’s top leagues could plummet by up to 10 billion euros due to the economic crash caused by coronavirus.The French league, declared over in late April, said it would have to take out a government-guaranteed loan of some 225 million euros to tide over clubs impacted by the loss in income from broadcasters.
“The need for top club football to resume has understandably taken priority, but we must also consider national teams, women’s football, lower-tier domestic leagues, youth and the grassroots game,” Infantino said.
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