FAM released the first quarter payments to the clubs
FAM President and Chairman of Maziya during the signing ceremony of financial Assistance Program (Photo: Ibrahim Faid/FAM)

FAM released the first quarter payments to the clubs

MF News 10 September 2020 - 08:45

Male', MALDIVES - The governing body of Maldives football, Football Association of Maldives (FAM) has started to release the first payment for the Dhivehi Premier League clubs under the Towards Future, FAM Financial Assistance Program launched last month.

Maldivesfootball.com understands that FAM has released a total of MVR 500,000 last week for the clubs who fulfilled the club licensing.

The main key fundamentals of the financial assistance program includes; Club licensing, Academy and youth development, Club management, Club financial report, Senior women activities and promotional activities.

According to FAM, this program has been launched with the vital aim of improving and taking the local clubs to a new standard in terms of marketing/promotion, administrative functions, management structure, and finance.

Football Association of Maldives will provide MVR 3 Million (USD 194,552.53) to each club; who will be competing in the upcoming Dhivehi Premier League to spend throughout the consecutive year for all types of football-related activities.

 
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