Sunday 24 September 2017

€5m Blatter 'handout', but FAI still owes €51m

John Delaney
John Delaney

John Fallon

The Football Association of Ireland's debt now stands at €51.2m, despite its infamous handout from FIFA.

Just weeks after revelations of the €5m payment from former FIFA boss Sepp Blatter, following the Thierry Henry World Cup qualifier handball, the extent of the FAI debt mountain has emerged.

Ahead of the FAI annual general meeting on July 18, delegates yesterday received the latest accounts for the governing body, to year-end 2014.

Since the association's 10-year premium ticket scheme flopped in tandem with their commitment of €72m towards the cost of rebuilding Lansdowne Road, interest payments on the resultant borrowings have seeped cash from the game.

FAI chief executive John Delaney and FAI President Tony Fitzgerald caution members that results by Martin O'Neill's senior team in their concluding Euro 2016 qualifiers this autumn will determine the financial picture of the association.

Irish Independent

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