Gianni Infantino, the Fifa president, said the relief fund had been "unanimously approved" by the members of its council and insisted there would be "strict controls" on how the money is spent. All 211 member associations will be entitled to a "basic solidarity grant" of $1 million each as well as $500,000 which must be invested in women's football. Continental governing bodies will get $2 million as a relief grant, and can also apply for an extra $4 million relief loan. Fifa is financing the enormous relief fund by dipping into its reserves, with $328 million covering grants and $556 million to finance loans, Infantino said. The creation of the relief fund had been announced by Fifa in March, when football across much of the globe was halted as the pandemic spread.

Source: Dhaka Tribune June 25, 2020 18:00 UTC