A joint steering committee of FIFA and FIFPro have approved the first requests for payments from the FIFA fund to players in need. A total of 1005 professionals will benefit from the financial support in the first phase, which will consider applications from July 2015 to June 2020, FIFA announced on Wednesday.
Applications could be made by all players “who are waiting for salary payments and cannot collect them from their clubs”. “The FIFA Fund for Footballers is a unique instrument for protecting the main players in football, that is, the players,” said FIFA Legal and Compliance Director Emilio Garcaa Silvero.
The applications in the first phase, in which a total of five million US dollars (around 4.1 million euros) will be distributed, concern 109 clubs from 36 different FIFA member associations that are either “insolvent, have left their association or no longer participate in professional football “.
The processing of the applications for the second phase, which runs from July 1 to December 31, 2020, should take place in the next few months. For this period, another three million US dollars (almost 2.5 million euros) will be distributed. As early as 2020, the organizations had decided to support players with a fund with a total volume of 16 million US dollars (around 13.1 million euros) in four phases.