Deals
UEFA Close to $7 Billion Package to Aid Clubs
- Package could be announced as soon as the coming weeks
- Soccer body also set to propose new rules on player wages
Photographer: Fran Santiago/UEFA/Getty Images
UEFA is putting the final touches to a rescue package valued at as much as 6 billion-euros ($7 billion) to help European soccer recover from the impact of the pandemic, according to people familiar with the matter.
The funding is part of a proposed three-pronged strategy by the soccer governing body, to be outlined in the coming weeks, to assist clubs after more than a year of stadium closures, as well as falling broadcast revenue.