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EPL English Premier LeagueEPL Transfer NewsDuring COVID-19 clubs get a helping hand

During COVID-19 clubs get a helping hand

UEFA thought of the clubs that are facing financial difficulties, especially with liquidity, in these difficult times. UEFA took it as their duty and made sure that these clubs were paid out as soon as possible. 

UEFA has announced almost 70 million euros to the club ahead of schedule, to compensate for the participation of their players in representative qualifiers for the European Championships.

 € 17.7 million will be granted to clubs whose players are in the 16 additional qualifying teams, 50 million euros will be allowed to clubs whose players are part of 39 non-qualifying teams, and another 2.7 million will be dispensed upon completion of the qualification process.

The remittance of these funds was supposed to be after the completion of the additional qualifications, which were to be played in March but were delayed due to the spread of coronavirus. According to the new plan, additional qualifications are due to be completed in October, but UEFA has already decided to transfer money to the club accounts.

President of the European Clubs Association (ECA) Andrea Agnelli praised the reaction of the umbrella organization of European football.

“This represents a much-needed injection of liquidity for club finances and is the result of the joint work of ECA and UEFA to protect clubs from an existential threat.”

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