FIFA creates special fund for salary payments
The world football union signed an agreement that will seek to cancel the salaries of players whose clubs owe large amounts of money
FIFA and FIFPRO, the global soccer union, signed the foundational agreement of the FIFA Fund for Footballers (FIFA FFP), which aims to offer financial assistance to players to whom clubs owe contractual compensation and who do not have the opportunity to perceive them.
To achieve this FIFA has provided an endowment of $ 16 million to be disbursed as follows: 3 million in 2020, 4 million in 2021 and 4 million in 2022, in addition to another 5 million to offer a retroactive wage guarantee for the period between June 2015 and July 2020.
In 2019, FIFA revised its Disciplinary Code, in which it established the framework to address this type of debts contracted with soccer players, particularly in the case of the so-called sports successors of debtor clubs. That is, new clubs founded to avoid paying outstanding salaries.
The agreement provides for the establishment of a monitoring committee formed by representatives of FIFA and FIFPRO to process, evaluate and act upon requests for financial assistance from FIFA FFP. Although these grants will not serve to fully cover the amounts due, they will be a protection mechanism for footballers.
FIFA President Gianni Infantino was satisfied after signing the document. “This agreement and our commitment to help players in a difficult situation demonstrate how we understand our role as the governing body of world football. Helping those who need it most, especially members of the football community, is our obligation, and we must start with the players, the main engine of our sport.”