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P40 000 for each premier league club

40K

Information gleaned from various sources indicate that premier league clubs have begun to receive part of the promised FIFA grants, the global football governing body, to help cushion themselves as the world battles the corona virus pandemic.

The Botswana Football Association (BFA) is said to have received close to P7 million from FIFA following its announcement that operational funds will be released earlier to wrestle football from the jaws of death.

Under normal circumstances, FIFA operational funds are released twice a year to help member associations administer themselves. The first installment is done on January while the second procedure is usually completed around July.

Sources therefore, indicate that BFA upon receipt of the grant, begun distributing to all premier league clubs to help fight the effect brought by this pandemic. It is said each club is set to receive P40 000 while assessment is still done for lower division clubs, together with those from the regional stream.

When reached from comment, BFA 1st Vice President Marshlow Motlogelwa confirmed that indeed FIFA has released its operational funds earlier to help in this fight against COVID -19. Motlogelwa however, indicate that FIFA is still to give out specific funds for COVID-19 after every condition is finalized. He says the association is giving the funds to clubs, but is expected to distribute more as soon as FIFA’s relief fund begins to operate.

“It is true that the association has received FIFA grants, but it should be noted that the finances are not from the relief fund. We are given these funds well before expected time because of these corona virus disturbances.”  He continued, “We have therefore found it fit to help clubs with the little we have. We are cautious not to deplete the funds because we still do not know how much is coming our way from the FIFA’s relief fund.” He shared.

FIFA is drawing up plans for an emergency relief fund worth hundreds of millions of dollars. The fund, should global soccer leaders sign off on it, would amount to the biggest response from any major sport’s governing body to the financial impact of the pandemic.

As in other parts of the global economy, movement restrictions to reduce the spread of the disease have halted the cash flow in a business in which long-term financial planning is typically treated as a luxury, with gate receipts and broadcast and sponsorship income largely committed to players’ salaries and transfer market trading.

That has led several federations, clubs and leagues to declare themselves to be in a state of financial distress. Few weeks within lockdown, clubs announced pay cuts as the only solution as many were nearing bankruptcy.

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