FIFA Fund for Football Players (FIFA FFP) is officially put in place in order to secure player wages across Europe.
What is FIFA FFP?
This is an agreement between FIFA as the highest football authority there is and FIFPro as a top football player representative organization. They agreed to set up a fund that will help all the players that are having difficulties in their clubs.
FIFA put $16 million aside for this purpose. This money is divided up until 2022, and this year FIFA will allocate $3million in 2020. In two years that come there is $4 million respectively. There is also an additional $5 million for retroactive payments from July 2015 to June 2020.
In perspective, this means that no players will remain unpaid. For Fenomeno that means that none of our players will have any difficulties in the coming years. So you don’t have to worry about your investment.
This will be a long-term project that won’t end in 2022. FIFA President Gianni Infantino clearly emphasized his excitement about this.
“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.”
FIFPro President Philippe Piat summed up the whole idea of FIFA FFP quite nicely.
“This fund will provide valuable support to those players and families most in need.”
This new mechanism will come into operation on 1 July 2020. So it’s safe to say that none of the Fenomeno players will go unpaid any time in the future.
Especially when we know that money is flowing towards football clubs more and more, there is simply no need for any unpaid wages.