Russia's football union praises UEFA decision to compensate clubs after Euro 2021 Postponement

Vyacheslav Koloskov, the Honorary President of Russia's Football Union, has lauded a decision by the Union of European Football Associations to pay an early compensation to 676 clubs of the league's 55 member associations that had been preparing their players for the now postponed Euro 2021 tournament. Belgium Vs Russia Tickets can be grabbed from our global event ticket sales market.

The principle is important, the UEFA is absolutely fair towards clubs, RIA Novosti quoted Koloskov as saying on Thursday. As, for example, in Russia and other countries, they help citizens, who have lost resources, in difficult times.

Following a meeting of the Executive Committee, the governing body of European football decided to pay 70 million euros, or $75.7 million, to the clubs ahead of schedule to help deal with the current crisis and financial difficulties faced by many clubs across Europe.

The move follows the unprecedented decision made in March by the UEFA to postpone Euro 2020, one of the world's biggest football tournaments, due to the coronavirus pandemic.

As a result, the tournament, originally scheduled to take place this summer in 12 host countries, including Azerbaijan and Russia, will now run from June 11 to July 11, 2021. Football fans can book Russia Euro Cup Tickets from our global event ticket sales market.

UEFA official statement

"Such payments were originally scheduled to be released on completion of the European Qualifiers play-offs, but given the challenges faced by clubs that are having to meet ongoing financial commitments while seeing revenues dry up during the COVID-19 lockdowns, payments will now be made immediately," reads an official statement issued by UEFA.

According to the statement, the UEFA will shell out over 50 million euros, nearly $54 million, in compensation to clubs having released players for the 39 national teams not involved in the European qualifiers playoffs.

Another 17.7 million euros, or $19 million, will be allocated to clubs having released players for the 16 national teams taking part in the European qualifiers playoffs, not including payments for the playoff matches, while an additional 2.7 million euros will be distributed to the clubs, which will release their players for the playoffs matches in the autumn.

In total, UEFA is planning to allocate 200 million euros, or about $216 million, in compensation under the agreement reached with the European Club Association.

For UEFA Euro 2020, a minimum of 200 million euro is available for distribution to clubs as agreed in the memorandum of understanding between the UEFA and the ECA, which was renewed in 2019, the governing body added in the statement.

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