UEFA announce relief funds for members
The body saddled with the responsibility of managing football in Europe, UEFA, has confirmed it will donate €4.3million to its member association each as some sort of relief package fund to see them through the financial challenges caused by COVID-19.
UEFA consist of 55 member nations which brings the total package to a sum of €236.5million, since they were no specification as to what they are meant to use the money for, each association is expected to use the fund as they deem fit.
The money was taken from UEFA’s HatTrick fund primarily set up to be ease member nations of some part of the running cost and general management of their respective leagues.
UEFA’s President Aleksander Ceferin made a statement of Monday to confirm the decision.
“Our sport is facing an unprecedented challenge brought about by the COVID-19 crisis, UEFA wants to help its members to respond in ways that are appropriate to their specific circumstances.
”As a result, we have agreed that up to €4.3million per association, paid for the remainder of this season and next, as well as part of the investment funding, can be used as our members see fit to rebuild the football community.
“Football will be at the heart of life returning to normal, I believe this is a responsible decision to help as much as we can; and I am proud of the unity that football is showing throughout this crisis.
“Without doubt, football will be at the heart of life returning to normal. When that time comes, football must be ready to answer that call.” – Aleksander Ceferin.
UEFA are yet to announce an official date when the Champions League and Europa League will resume but there are rumors that suggest the competitions will restart in August. Read: FIFA ponds more substitutions for teams
Some leagues across the continent are already orchestrating different plans to restart football in their various countries, while a few others like France, Netherlands and Belgium have declared the 2019-20 leagues null and void.
Arsenal and some other Premier League teams have resumed this week, Serie A teams are set to resume training on the 18th of May, the Spanish LaLiga have already bought COVID-19 testing kits in anticipation of when they will be giving the all clear to return to action.
Poland are likely to resume competitive league football sometime next month.