Olli Rehn, the head of the International Football Federation (FIFA) Committee on combating the pandemic consequences, commented on the current situation in the football industry, reports Reuters.
“The industry’s losses due to the coronavirus and its effects on sports are estimated at $14 billion,” said Mr.Rehn, noting that this figure is based on the current scenario, when football gradually returns to its usual pace.
“Football has suffered a lot, many professional clubs have faced very serious problems, I am also very concerned about youth academies and lower-division clubs. There is a real danger that the good work we have done to develop football in Asia and Africa may be destroyed, so we want to cushion the blow and preserve the development that has been carried out,” said the head of the FIFA Committee on combating the pandemic consequences.
FIFA has allocated US $1.5 billion to combat the pandemic consequences, and Mr.Rehn noted that 150 of 211 associations have applied for funds.