FAI to receive €1.28M Covid fund from Fifa

The FAI is one of 211 members that will benefit from the relief fund.

The FAI is to receive a $1.5 million (€1.28 million) grant from Fifa as part of the world governing body’s Covid-19 fighting fund.

Earmarked within that payout to each of the 211 members is a ringfenced amount of $500,000 (€424,000) for women’s football, while interest-free loans of up to $5 million (€4.2 million) will be made available for federations worst hit by the pandemic.

Due to the crisis, traditional revenue streams such as season tickets for international matches and coaching camps have since been decimated by the outbreak, which may cause a €10 million deficit according to interim chief executive Gary Owens speaking to the Irish Examiner.

The cash injection will be gladly received by the FAI, given their State grants remain frozen until radical governance reforms are introduced.

Fifa president Gianni Infantino said of yesterday’s payout: “This relief plan is a great example of football’s solidarity and commitment in such unprecedented times.

For the second phase, member associations have now been given the ability to transform remaining Fifa Forward development project grants into Covid-19 operational relief funds — with a minimum of 50% of released funds to be allocated to women’s football.

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