The world’s football governing body, FIFA, has set out detailed arrangement for payment of $750,000 for women’s football development.
The bonus was promised earlier in June by FIFA President, Sepp Blatter, to all 209 member associations.
FIFA Secretary-General, Jérôme Valcke, explained in a statement on Monday that the first $250,000 would be paid out immediately the body received the relevant application forms.
The statement said that the balance would only be confirmed “when the final financial results were known at the end of 2014 with the additional $500,000 bonus paid out at the start of 2015”.
FIFA has reached the end of a period when it has been steadily building reserves.
The body aims for a balanced budget over the next World Cup cycle between 2015 and 2018.
Blatter’s plan will mean an $8 million windfall for women’s football across the world.
Valcke said in his letter to the affiliated associations that the bonus was intended for the development of football at national level in accordance with the long-term development plan of member associations.
At least 15 per cent of the bonus must be used for women’s football, a stipulation that ought to result in a near immediate injection of at least $7.8 million into the women’s game around the world.
2015 is election year in FIFA, with Blatter expected to run for a fifth term in office.
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