UEFA has come out to help all the leagues by sending out payments of €70million to all its associate members and these payments will further be bifurcated to clubs who have sent their players for international duty.
Out of the total pool of money, €17.7 million will go to clubs who have released players for the 16 national teams taking part in the European Qualifiers play-offs and this list includes Scotland.
President Alexander Ceferin said, as reported: “European clubs are an integral part of the success of our national team competitions.
“As a result, a share of our national team competition revenues is distributed to the clubs which release players for those matches.
“In these difficult times when many clubs are facing financial issues, especially with their cash flow, it was our duty to make sure that clubs receive these payments as quickly as possible.”
While this pool of money will be divided amongst all the teams who have sent out players on international duties but most of it should be going to Glasgow side Rangers and Celtic since they have a huge number of players who play for various European nations.
ECA chairman Andrea Agnelli commented: “This represents a much-needed liquidity injection into club finances and is a result of the ECA’s joint work with UEFA on safeguarding clubs at this time of existential threat.
“Whilst public health remains our primary concern, securing financial, legal and regulatory relief in advance of restarting football across Europe, once it is safe to do so, is of paramount importance to ECA and its members.”
SPFL has already decided to distribute their leagues’ allocated prize money amongst its clubs and now this fund form UEFA will be of massive help to the clubs who have sent their staff into furlough or have asked their players to take massive pay-cuts.
Apart from the €17.7m, a payment of €50m will be given to clubs who had players for the 39 national teams not involved in the Euro 2020 play-offs. And €2.7m will be available for clubs after the playoffs are completed.
