Soccer-UEFA appoint Citi as coordinator of financing scheme


FILE PHOTO: Soccer Football - Europa League - Round of 16 draw - Nyon, Switzerland - February 28, 2020. General view of the UEFA logo at UEFA Headquarters before the draw. REUTERS/Denis Balibouse

MANCHESTER, England (Reuters) - European soccer's governing body UEFA has appointed U.S bank Citi as the coordinator of a financing programme to help clubs deal with the impact on revenues of the COVID-19 pandemic.

UEFA said on Thursday that the scheme seeks to use UEFA club competition revenues as security to allow European clubs access to liquidity.

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