Huge FIFA fund beckons BFF
The Bangladesh Football Federation is set to get more financial assistance from the FIFA as the 66th Congress of the world's game governing body decided to double the current expenditure fund and provide additional development fund to its member associations.
“FIFA will significantly increase its investment to USD 5 million for each member association per four-year cycle for football projects and support for running costs,” the official website of FIFA stated.
“The use of funds will be monitored closely through enhanced compliance, accountability and transparency, with all member associations required to publish independent audits of their finances as per the new “FIFA Forward” regulations,” it also added.
BFF's former general secretary Anwarul Haque Helal explained the statement: “From now on, FIFA will provide 500,000 dollars annually to each of its member association for expenditure purpose and will provide a further 750,000 dollars annually for development purpose, provided that the member association submit development programmes and meet terms and conditions before getting FIFA's approval.”
The BFF currently gets 250,000 dollars annually from the FIFA and the same amount annually from Asian Football Confederation.