UEFA Will Send €775.5 Million To National Federations Over The Next Four Years
The Union of European Football Associations (UEFA) will send 55 European national federations €775.5 million to help combat the effects of the coronavirus pandemic, according to the press service of UEFA.
The payments will be made as part of the HatTrick assistance program, which was launched after the 2004 European championship. Previously, funds under this program were allocated to national associations to cover operating expenses and target the development of specific areas of football. This time, UEFA decided to allow associations to determine for themselves what problems these funds will be used for. Previously, UEFA has already allocated €236.5 million to national organizations.
UEFA will allow clubs that have credit arrears to participate in European competitions in the 2020/21 season, with each club required to provide information about credit and receivables. The assessment of the fiscal year in 2020 will be postponed until next year. UEFA also called on national associations to close transfer Windows no later than October 5.
An outbreak of the new coronavirus disease was recorded in late 2019 in Central China and has spread to most countries. On March 11, the world health organization recognized it as a pandemic.