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Monday 22 September 2014

UEFA advance payment to FAI

Published 09/06/2013 | 20:02

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The FAI has received help from UEFA to meet debt repayments for the Aviva Stadium

UEFA has stepped in to help the Football Association of Ireland meet its debt repayments for the Aviva Stadium.

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The organisation has confirmed that is has advanced a "solidarity payment", understood to amount to several million euro from its development fund, to the FAI.

Finance director Josef Koller told the Irish Sunday Times: "It is a really difficult situation, because of the economic crisis, and we said 'Okay, we can advance certain solidarity payments'."

The agreement was reached after a meeting between Koller and Danske Bank, the FAI's main creditor, at which chief executive John Delaney was present.

Koller said: "I just said to John Delaney that if you want me to be there and I can assist by explaining it from UEFA's point of view, I will do it.

"Danske felt very comfortable to have somebody from UEFA there, especially the finance director. It was really worthwhile to explain to Danske how important this is for us."

The FAI declined to comment on the report on Sunday.

Press Association

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