FIFA: How Football clubs lost $14.4 billion to COVID-19 | READ DETAILS

Get real time updates directly on you device, subscribe now.

FIFA in a recent analysis conducted revealed that football clubs have lost $14.4bn (£11.1bn) during the coronavirus crisis.

The body also revealed that 150 of its 211 member associations have applied for emergency COVID-19 grants.

Olli Rehn, the chairman of the FIFA Covid-19 Relief Plan Steering Committee said the number covers the football economy in its entirety. He also said the number is an estimate of losses in its 211 association.

It has created plenty of turmoil at different levels with some professional clubs facing very serious difficulties.

Rehn said that while Europe was hit hardest in terms of absolute cost, it was the associations outside Europe that have suffered more.

Rehn also said that the loss cannot be mitigated by FIFA alone.

“The loss under any scenario was too great for Fifa to mitigate alone. We are working very intensively with confederations to improve the situation.”

Fifa has announced during the summer that members are entitled to a $1.5 billion programme grant and loan.

For publication of your news content, articles, videos or any other news worthy materials, please send to For more enquiry, please call +234-903-332-9775 or whatsapp. To place advert, please call +234-903-332-9775.

Mark 11 vs 22- 24: And Jesus answered them, "Have faith in God. Truly, I say unto you, whoever says to this mountain, "Be taken up and thrown into the sea, and does not doubt in his heart, but believers that what he says will come to pass, it will be done for him. Therefore, I tell you, whatever you ask in prayer, believe that you have received it and it will be yours

Get real time updates directly on you device, subscribe now.

You might also like

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More