Footballsports Fifa and Fifpro to launch global fund for players by News Line February 11, 2020 written by News Line February 11, 2020 13 views 13 Fifa and Fifpro – the world players’ union – have set up a global fund to protect players’ salaries. The Fifa Fund for Football Players (Fifa FFP) will provide financial support to players who have not been – and will not be – paid by their club. World governing body Fifa has set aside $16m (£12.3m) for the fund up to 2022, split into yearly allocations. Another $5m (£3.8m) has also been allocated for players affected between July 2015 and June 2020. Fifa president Gianni Infantino added: “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.” In 2019, Fifa updated its disciplinary code to improve the framework for dealing with the non-payment of players’ salaries. It said if a club “unlawfully failed to pay a player at least two monthly salaries on their due dates, the player will be deemed to have a just cause to terminate his contract”. This new mechanism will come into operation on 1 July 2020. Said Fifpro president Philippe Piat: “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.” 0 comment 0 FacebookTwitterPinterestEmail News Line Blogger and Content writer next post Taylor Swift is the highest grossing singer in 2019 Related Posts Morocco Earthquake, Ronaldo opens his luxury hotel for earthquake victims September 10, 2023 5 Exercises You Can Do With Your Hand Gripper August 8, 2023 Larry Nassar stabbed multiple times at federal prison, report July 11, 2023 American Wrestler Billy Graham died at the age of 79 May 18, 2023 Ronaldo is the most international matches playing footballer now March 24, 2023 Get PSL 8 tickets online on 50% discount for students February 17, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.