Delaney's FAI and the THG tickets deal
Football body's debt stands at €40m after loans to build stadium
Published 27/08/2016 | 02:30
The company at the centre of the Rio ticketing scandal was used by the FAI to sell corporate seats in the Aviva Stadium.
The debt saddled on the football body by the building of the new Lansdowne Road ground has overshadowed John Delaney's term as FAI chief executive.
After a debt writedown of €10m, the association's loans still stand at €40m.
Following the opening of the stadium, the FAI entered an arrangement with Marcus Evans's The Hospitality Group (THG) for 635 seats in the corporate hospitality area of the South Stand.
THG incurred the risk if it was unable to sell its 'Gold' and 'Silver' packages, advertised on a game-by-game basis.
The deal between Mr Delaney's FAI and THG was regarded as beneficial. The FAI's efforts to sell 10-year tickets in the Aviva have proven troublesome.
When recent events in Brazil placed THG back in the headlines, the FAI stressed that it no longer worked with the company.
Meanwhile, Foreign Affairs Minister Charlie Flanagan has rejected claims by the family of former OCI president Pat Hickey about the assistance he has received from the Irish Government following his arrest.