Culture - Sports

FIFA to provide 1.5 million USD for Vietnamese football

The World Football Federation (FIFA) will offer a 1.5 million USD bailout package to each of its national football federations in Southeast Asia, including the Vietnam Football Federation (VFF), to offset losses caused by the coronavirus pandemic.
FIFA to provide 1.5 million USD for Vietnamese football ảnh 1Vietnamese football players (Source: internet)

Hanoi (VNA) - The World Football Federation (FIFA) will offer a 1.5 millionUSD bailout package to each of its national football federations in SoutheastAsia, including the Vietnam Football Federation (VFF), to offset losses causedby the coronavirus pandemic.

Of the package, 500,000 USDwill be used to develop women’s football.

Le Hoai Anh, VFF General Secretary, said the money is necessary for the memberassociations.

Due to COVID-19 pandemic, football games were suspended causing a deficit inrevenue related to television rights, ticket sales, and sponsorship deals.

FIFA’s support will help countries maintain operations and continue to investin targeted projects.

Around 500,000 USD will be given out in early September and more at thebeginning of 2021.

From 2001, VFF has been granted 200,000 USD a year by FIFA. Part of thisgrant was used to build its headquarters in 2001, build a training groundat the Vietnam Youth Football Training Centre and invest in youth football.

This annual payment is not related to the latest disbursement of funds FIFAwill allocate./.
VNA
#World Football Federation (FIFA) #national football federations #Southeast Asia #Vietnam Football Federation (VFF) #Vietnamplus #Vietnam News Agency
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