Fifa and Fifpro to launch global fund to protect players’ salaries
Fifa AND Fifpro – the world players’ union have set up a fund to protect players’ salaries. The FIFA Fund for Football Players (Fifa FFP) is expected to provide financial support for players who have not been paid and will not be paid by their clubs. This was disclosed in a report made by the BBC.
Therefore, the footballing body has set aside $16m (£12.3m) for the fund up to 2022, and it has been split into yearly allocations. Meanwhile, another $5m (£3.8m) has also been allocated for players that have been affected between July 2015 and June 2020.
A statement released by Fifa and Fifpro read: “While these grants will not cover the full amount of salaries owed to players, this fund will provide an important safety net.”
The president of the world football’s governing body 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.”
It can be recalled that Fifa updated its disciplinary code in 2019 and it was aimed at providing a framework that would deal with non-payment of players’ salaries.
It stated that 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”.
The new fund will be launched on 1 July.
“More than 50 clubs in 20 countries have shut in the last five years, plunging hundreds of footballers into uncertainty and hardship,” said Fifpro president Philippe Piat.
“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.”