Following the historic agreement reached between FIFA and FIFPRO to assist struggling footballers whose clubs have been unable to fulfill contractual obligations, the world’s governing body of football, FIFA, reports that the federation recently approved the payment of $4 million in financial compensation to a new group of 225 players.
A deal between FIFA and FIFPRO, the organization that represents professional footballers worldwide, called for the establishment of the FIFA Fund for Football Players (FIFA FFP) initiative in 2020. The goal of this initiative is to offer financial support to players who have not been paid and who have little to no chance of ever receiving the compensation they were promised by their respective clubs.
A total of $16 million was allotted for the fund, which was split up into four cycles. Now that the first and second cycles are over, FIFA is wrapping up the payment of $4 million to 225 players whose applications were accepted for the third phase. The time frame would be from January through December 2021, inclusive.
$5 million was paid out in the first phase, which covered the time from July 1, 2015, to June 30, 2020; $3 million was paid in the second phase, which covered the time from July 1, 2020, to December 31, 2020; and $4 million would be paid in the third phase, which would cover the time from January 1, 2021, to December 31, 2021.
The last phase, which will run from January 1, 2022, to December 31, 2022, will also see the payment of $4 million; FIFA is now reviewing applications for this time frame.
“In recent years, we have been able to offer assistance to 1,370 players because of our successful partnership with FIFPRO. The FIFA Director of Professional Football Relations & Development, Ornella Desirée Bellia, said, “This is another tangible example of how FIFA and FIFPRO stand in solidarity with those who need it most through an effective method that benefits the football community as a whole.
We are happy that the FIFA FFP is once again giving players a safety net to guarantee that they receive some of what they are entitled since it is really irritating for them not to receive their salary. The fund’s payouts have grown dramatically from prior years, and FIFA should be praised for its commitment to this endeavor, said Roy Vermeer, the legal director of FIFPRO.