Conmebol serves up advance to South American clubs
Conmebol, the governing body for soccer in South America, is offering financial aid to clubs impacted by the suspension of the Copa Libertadores and Copa Sudamericana competitions.
The confederation is prepared to advance up to 60 per cent of the prize money for the two club competitions.
No matches are presently taking place because of the global coronavirus emergency, with implications for the 76 clubs still in the Libertadores and Sudamericana.
The suspension of national and continental competitions has forced many clubs across South America to release players and employees.
In a statement, Conmebol president Alejandro Dominguez said: “Situations like this demand quick and exceptional responses. With this advance, Conmebol will allow the clubs guarantees to meet their financial obligations with collaborators, backroom staff, players and contractors.”
The finals of the two club competitions are due to take place in November.
Earlier this month, the confederation agreed to delay the 2020 Copa America, which was due to be held in Argentina and Colombia in June and July, until next year, in part so that it will coincide with the postponed European Championships.