With $2.7B reserves, FIFA has ‘duty’ to aid virus-hit soccer

FIFA says it has a “duty” to use its vast financial reserves to assist a football industry ravaged by the coronavirus pandemic wiping out games and creating unexpected economic hardship in the world’s biggest sport.

The spread of COVID-19 has impacted the wealthiest clubs, with Barcelona and Juventus players taking wage cuts; those in smaller countries, with Slovakian champion Zilina entering bankruptcy; and national football federations, with Uruguay furloughing hundreds of staff.

Having amassed reserves it last reported at $2.745 billion, FIFA has the resources to give much-needed financial help to the game at many levels. Now the organization has provided more details around the need agreed two weeks ago by FIFA President Gianni Infantino and
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