FIFA to use ‘Football Marshall Plan’ as financial remedy for coronavirus crisis: Report

FIFA is in midst of putting toger a 'Football Marshall Plan' in order to deal with financial fall-out of effects of coronavirus in football. 'Football Marshall Plan' could be put toger with aid of FIFA financial report which could deploy some of its $2.7 billion in reserve funds to help mitigate impact of coronavirus outbreak. With coronavirus in football causing halt of top leagues across globe, FIFA has option of  'Football Marshall Plan' to bail out clubs that are struggling.

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What is Football Marshall Plan by FIFA? FIFA Financial report

According to reports, FIFA understands that football clubs all across globe are struggling due to  unprecedented coronavirus crisis. With lack of funds due to loss of matchday, television as well as sponsorship revenues, some clubs are alrey on brink of collapse. Football players with coronavirus are also in self-isolation. However, in this crisis, world football governing body FIFA has taken decision to help those in need. FIFA is still weighing creation of a million-dollar fund, termed ' Marshall Plan’ which is likely to affect  FIFA financial report even though FIFA is in a strong financial situation to help clubs in ir hour of need.

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Coronavirus in football triggers 'Football Marshall Plan'

'Football Marshall Plan' will allow FIFA to dip into $2.7 billion in reserve funds to provide financial aid to clubs that are struggling. This cash boost will permit clubs affected by coronavirus in football to pay off ir staff members as well as players at club. Clubs in Serie A, as well as LaLiga, have agreed on pay cuts for players in order to redistribute income to those affected by coronavirus pandemic.

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