FIFA president Gianni Infantino has promised to release funds from the governing body’s reserve funds to help clubs which are struggling financially due to the coronavirus pandemic.
With football suspended and countries on lock down to contain the deadly virus, a lot of football clubs are struggling from the impact.
Infantino said FIFA must look into ways to cushion the effect of the pandemic.
“Fifa enjoys a good reputation on the financial markets… This has helped us consolidate a solid foundation with large reserves,” Infantino said. “But our reserves are not Fifa’s money.
“It is football’s money. So when football is in need, we must think what we can do to help… It is our responsibility and our duty.”
Infantino said a consultation process has already begun to assess the financial impact across football with a view to creating a fund with an independent governance structure.
“You have to know that we will be there and we will find solutions together,” Infantino added. “You will never be alone… (and) the world will know where the money goes and, equally important, why the money goes there.”
Infantino said he has also requested that moneys due to federations later this year under the Fifa Forward Programme be paid in advance in order to help cash flows.
“If football manages to have a discussion where everyone contributes positively, and keeps in mind the global interest over the individual one, I am convinced our future can be better than our past, and we will be better prepared for the times ahead,” Infantino said.
Additionally, Fifa said “flexibility and common sense must prevail” when it comes to redrawing football’s calendar in relation not only to domestic leagues and international football, but also players’ contracts and transfer windows.
“I am convinced football will play a key role to bring people back together when it’s safe to play again and be with our friends and families in large groups,” Infantino said. “Let’s prepare for that moment… Fifa is with you in these difficult times, and together, we will win!”