UEFA have released over £200m to its 55 member associations to help them deal with the financial downturn as a result of the coronavirus, according to the Independent.
With footballing action across Europe coming to a standstill amidst the pandemic, many clubs are facing an uncertain and difficult time.
Clubs have seen their revenue streams, including matchday and TV revenue, vanish and there is still a lack of clarity as to when the season will be completed in many countries.
Earlier this month, UEFA released £61.1 million in payments that teams were due for releasing their stars on international duty, in order to help ailing clubs (Football.London).
The Independent now reveals that European football’s governing body have released £3.75 million to each of their member associations from a fund earmarked for targeted areas of development.
UEFA have allowed each association to set its own priorities on how the money is spent during the pandemic.
UEFA president Aleksander Ceferin is quoted as saying: “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 4.3 million euros 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.”
Spurs Web Opinion
While UEFA have received their fair share of criticism in the past, their role in helping member associations and clubs since the outbreak cannot be faulted. They have been proactive in ensuring clubs get financial assistance as well as in planning the path forward for next season. The same cannot be said of the FA or the Premier League.
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