• About
  • Contcat Us
  • Privacy Policy
Sunday, January 17, 2021
Primenews.com.gh
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
No Result
View All Result
Primenews.com.gh Logo
No Result
View All Result
Home Sports

FIFA set to launch global fund for player salary protection

by Vincent Ashitey
2020-02-11
in Sports
FIFA set to launch global fund for player salary protection
7
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

READ ALSO

Morocco to host 2022 Africa Women’s Cup of Nations

Ebusua Dwarfs stun Liberty Professionals to first home defeat

ADVERTISEMENT

FIFA and FIFPRO, the World Players’ Union, have reached an agreement to establish the FIFA Fund for Football Players (FIFA FFP), which aims to provide financial support to players who have not been paid and have no chance of duly receiving the wages agreed with their clubs.

FIFA has set aside USD 16m for the fund up to 2022, with this allocation to be divided as follows: USD 3m in 2020, USD 4m in 2021 and USD 4m in 2022, plus a further USD 5m set aside for the retroactive protection of players’ salaries for the period between July 2015 and June 2020.

READ ALSO:  FIFA president Infantino wants AFCON every four years, not two

Several recent reports – including FIFPRO’s own 2016 Global Employment Report: Working Conditions in Professional Football – have attested to the proliferation of cases involving the non-payment of players’ salaries across the world.

In 2019, FIFA revised its Disciplinary Code, wherein it bolstered the framework for dealing with the non-payment of players’ wages, particularly in situations featuring so-called sporting successors of debtor clubs, i.e. new clubs formed with the prime aim of avoiding paying players their overdue salaries.

The agreement envisages the establishment of a monitoring committee composed of FIFA and FIFPRO representatives to process, assess and act on applications for grants from the FIFA FFP. While these grants will not cover the full amount of salaries owed to players, this fund will provide an important safety net.

FIFA President Gianni Infantino welcomed this new initiative, stating: “This agreement and our commitment to helping players in a difficult situation show how we interpret our role as world football’s governing body. We are also here to reach out to those in need, especially within the football community, and that starts with the players, who are the key figures in our game.”

Likewise, FIFPRO President Philippe Piat had the following to say about the fund: “More than 50 clubs in 20 countries have shut in the last five years, plunging hundreds of footballers into uncertainty and hardship. This fund will provide valuable support to those players and families most in need. Many of these clubs have shut to avoid paying outstanding wages, immediately re-forming as so-called new clubs. FIFPRO has long campaigned against this unscrupulous practice and thanks FIFA for combating it in its Disciplinary Code.”

READ ALSO: Funds could not be accounted for under Nyantakyi – FIFA 

This new mechanism will come into operation on 1 July 2020.

Source: FIFA.com

ShareTweetSend
Previous Post

Samir Captan warns Wasiru Mohammed against Emanuel Navarrete

Next Post

Akufo-Addo has kept his promise of reducing rate of borrowing – Bawumia

Related Posts

Morocco to host 2022 Africa Women’s Cup of Nations
Sports

Morocco to host 2022 Africa Women’s Cup of Nations

2021-01-17
Ebusua Dwarfs stun Liberty Professionals to first home defeat
Sports

Ebusua Dwarfs stun Liberty Professionals to first home defeat

2021-01-17
Mesut Ozil
Sports

Arsenal ‘reach agreement’ to terminate Mesut Ozil’s contract

2021-01-16
Liberty Professionals
Sports

Preview: Liberty Professionals host Ebusua Dwarfs at Carl Reindorf

2021-01-16
CAF
Sports

COVID-19: CAF modifies’ minimum number of players to start a match

2021-01-16
Wayne Rooney has become the permanent manager at Derby County. Photograph: Tony Marshall/Getty Images
Sports

Wayne Rooney calls time on playing career to become Derby County manager

2021-01-15
Next Post
Bawumia’s full statement at Kumasi town hall meeting 

Akufo-Addo has kept his promise of reducing rate of borrowing - Bawumia

Banking sector would have collapsed if NDC were in power – Bawumia

Banking sector would have collapsed if NDC were in power - Bawumia

ADVERTISEMENT

TRENDING NEWS IN GHANA

Ebusua Dwarfs stun Liberty Professionals to first home defeat

Ebusua Dwarfs stun Liberty Professionals to first home defeat

2021-01-17
Mesut Ozil

Arsenal ‘reach agreement’ to terminate Mesut Ozil’s contract

2021-01-16
Liberty Professionals

Preview: Liberty Professionals host Ebusua Dwarfs at Carl Reindorf

2021-01-16
Franklin Cudjoe

Osafo-Maafo didn’t resign, his office was scrapped- Franklin Cudjoe

2021-01-16
CAF

COVID-19: CAF modifies’ minimum number of players to start a match

2021-01-16
Massive disinfection carried out at Kotoka International Airport

Massive disinfection carried out at Kotoka International Airport

2021-01-15
Wayne Rooney has become the permanent manager at Derby County. Photograph: Tony Marshall/Getty Images

Wayne Rooney calls time on playing career to become Derby County manager

2021-01-15
8th Parliament of Ghana

Speaker declares NPP as Majority in Parliament

2021-01-15
Preview of  Ghana Women’s Premier League Matchday 1

Preview of Ghana Women’s Premier League Matchday 1

2021-01-15
Osafo-Maafo resigns as Senior Minister

Osafo-Maafo resigns as Senior Minister

2021-01-15
ADVERTISEMENT

Must Reads

Wayne Rooney calls time on playing career to become Derby County manager

Speaker declares NPP as Majority in Parliament

Preview of Ghana Women’s Premier League Matchday 1

Osafo-Maafo resigns as Senior Minister

Preview: Great Olympics seek to end winless run against Inter Allies in Accra derby

Stubborn Crystal Palace end Arsenal’s winning run

About

A Prime Network Limited Website.

Follow us

Categories

  • entertainment
  • general news
  • Ghana
  • Politics
  • Sports
  • Uncategorized
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports

©2015 - 2020 Primenews.com.gh

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.