Conmebol highlights its financial strength to face the impact of COVID-19

first_imgHe President of Conmebol, Alejandro Domínguez, highlighted this Thursday the financial strength of the organism to make against the impact of COVID-19, during the 72nd Ordinary Congress held for the first time by videoconference as a preventive measure against the pandemic.“This crisis today finds us in a solid position, In 2019, Conmebol continued to advance and achieved great achievements, being the confederation of highest growth in the world “, Domínguez said from the agency’s headquarters, in the Paraguayan city of Luque, and in connection with the authorities of the ten member federations.In this sense, Domínguez recalled the decision to make 65 million dollars available to the clubs that dispute the Libertadores and Sudamericana cups, temporarily suspended by the coronavirus, as an advance payment of up to 60 percent of their participation rights.“We are experiencing an unprecedented situation, a global pandemic that threatens not only our health but also our economies, the way of relating and even the way of living the passion that unites us, soccer, “added Domínguez.The top leader of South American football, who has been in office for four years, emphasized that the situation derived from the pandemic “is critical” and recommended “not to underestimate it” and that it is a “battle in which we must play at home, stay home to stop the virus. ““As a leader we must take care of football, be aware of its importance, of the source of work that generates not only footballers but everything around them, “he stressed. In his report to Congress, which reviews his management during the year until December 31, 2019, Domínguez recalled that 28 championships have been organized in each period in all modalities we had and that the Copa América of Brazil had the highest collection in the history of this tournament“Our club competitions reached record numbers, we distribute more than 210 million dollars in our club tournaments of which 162 million were for the liberators and 52 million for the South American Cup, “he detailed.At the proposal of Domínguez, the national associations unanimously approved the constitution of statutory reserves for the first time for an amount of 27 million dollars.Regarding the investment plan, the assembly approved an amount of $ 1.8 million at a training and technology center at its headquarters in Luque (Greater Asunción).Each of the leaders participated by videoconference and prior to the start, representatives of the associations from Europe and Africa were invited.As a preamble to Congress, the President of FIFA took part, the Italian-Swiss Gianni Infantino, who also referred to the solidity of this entity in the face of the situation in football.However, Infantino insisted that “Health comes first and will remain so until this disease is defeated.”In addition to the break in the Libertadores and Sudamericana cups, Conmebol postponed to 2021 the next edition of the Copa América, which was scheduled for June and July in Argentina and Colombia.For its part, FIFA postponed, at the request of Conmebol, the start of the South American qualifiers for the Qatar 2022 World Cup.last_img

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