UK government announces sports recovery package
The government of the UK also preparing a bid to host the 2030 World Cup alongside Ireland.
The world of football has been damaged as much as other aspects of our life since the outbreak of Covid-19. Clubs are not able to spend much on players and other necessary expenditures were reduced. Some of the clubs even had to sack some of their employees because of the disastrous financial situation caused by the pandemic.
However, there is a piece of good news as the government of the UK has announced that they are preparing a sports recovery package to help the clubs. Chancellor, Rishi Sunak said that £700m was being made available to art, culture and sporting institutions dealing with the impact of the coronavirus pandemic.
The Treasury on Twitter said there was
"£300m to back clubs and governing bodies across a wide range of sports in England".
He said in his statement to the Commons:
"We're making available £700m to support our incredible art, culture and sporting institutions as they reopen, backing the UK and Ireland's joint 2030 World Cup bid, launching a new approach to apprenticeships in the creative industries, and extending our £500m film and TV production restart scheme."
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