Sunday 23 July 2017

Zozimus

New Olympic Council of Ireland president Sarah Keane Photo: Frank Mc Grath
New Olympic Council of Ireland president Sarah Keane Photo: Frank Mc Grath
Liam Collins

Liam Collins

Changes afoot at the Olympic Council of Ireland (OCI) now that the 'Sarahs' have taken control. First strategic move by new president, Sarah Keane, was to order that executives' meetings take place in the morning. When the good old boys ran the show meetings took place at night, when they'd all finished a day's work.

Keane, a solicitor, Sarah O'Shea (Hon General Secretary) also a solicitor and Sarah O'Connor, another qualified solicitor working for Wilson Hartnell PR and adviser to the OCI 'crisis committee', have had to hit the ground running as the organisation's finances are depleted by more than €800,000 as a result of bills from Arthur Cox and Co, Grant Thornton and Deloitte's.

Zozimus understands that Pat Hickey's costs, of about €160,000, are in the process of being settled by OCI insurer AIG. But all other costs (including a €14,000 legal bill to establish that it did not have insurance) have to be borne by the OCI itself, leaving the balance sheet in flitters.

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