Billions in losses ... FIFA is studying 3 decisions to save the football industry

FIFA is considering new decisions to save global football from the repercussions of the outbreak of the Corona virus (Covid-19), in light of warnings that European clubs may incur losses of up to seven billion euros.

Corona virus outbreaks halted all major leagues, and most teams' training was canceled due to quarantine decisions after cases were discovered in a number of clubs.

On the horizon, there are no signs of receding in the crisis that allow setting a date for the resumption of competitions, which prompted some to talk about canceling the season, but this decision may cost losses of about 7 billion euros, according to estimates by the director of the Spanish Media Pro network, Jom Roris.

In order to avoid these losses, various parties in the world of football requested to complete the season's matches in any way, and a number of clubs and federations officials expressed their willingness to play the remaining matches next summer.

In light of this atmosphere, the New York Times said that a special committee from FIFA is studying 3 decisions in order to run the next stage and preserve the rights of clubs and players.

The newspaper pointed out that the first decision relates to unifying the position regarding the players ’wages during the competition stopping period, after the different decisions among European clubs in this regard.

The committee is negotiating with the International Federation of Professional Players the appropriate formula between a uniform wage cut or a delay in its payment until after the end of the current crisis.

The committee is studying another decision related to the upcoming summer transfer market, and the leaks indicate that FIFA may resort to extending the future market deadlines for a long period in order to give clubs the opportunity to take advantage of sales deals to revive their coffers and boost their resources.

The third decision concerns the creation of a special fund financed by FIFA with the aim of helping players who found themselves without a club due to the current crisis.