UEFA: €2bn "Club Football Recovery Plan" guaranteed by European Cup revenue

"To structurally improve the financial stability of the European football clubs through leveraging UEFA's club competition media rights revenues" is the objective of the "European Club Football Recovery Plan", on which a progress report is being presented to the UEFA executive committee via videoconference on 16/12/2021.

"Starting with an estimated initial amount of €2bn", this financing programme aims to use the revenue from the European Cups as a guarantee "to allow European clubs access to liquidity over years to come," explained the European body.

"Upon the request of and in consultation with the ECA, UEFA has been exploring ways to relieve part of the clubs' income gap from Covid-19, whilst simultaneously providing clubs with a sustainable long-term financing solution," said UEFA.

"Following a competitive process UEFA has appointed Citi (American bank) as the sole global coordinator bank to set up the programme. Together with Citi, UEFA is working on establishing a financing programme, expected to be the first of its kind in Europe. If approved, it could be operational as…