| 5.8°C Dublin

Olympic body has written off €410,000 loan used by Hickey to post Rio bail

Close

Former OCI president Pat Hickey Photo: Steve Humphreys

Former OCI president Pat Hickey Photo: Steve Humphreys

Former OCI president Pat Hickey Photo: Steve Humphreys

Former Olympic Council of Ireland president Pat Hickey will not have to repay a €410,000 loan that he used to receive bail following his arrest at the 2016 Rio Olympics.

A spokeswoman for the Olympic Federation of Ireland - formerly known as the Olympic Council of Ireland (OCI) - last night confirmed that the Association of National Olympic Committees (ANOC) agreed to write off the loan during its AGM in November.

She could not say why the umbrella body representing 206 National Olympic Committees chose to do so after Mr Hickey previously said he was prepared to repay the debt.

However, it's understood that ANOC president Sheikh Ahmad Al-Fahad Al-Sabah and all ANOC vice-presidents agreed to forgive the loan on medical and humanitarian grounds via a postal vote in November 2016.

"It came up at the AGM, or rather the annual get together of the ANOC. That question was asked from the floor and they are writing off those monies," Olympic Federation of Ireland (OFI) president Sarah Keane told the 'Irish Times'.

An OFI spokeswoman stressed that no money for the bail-out will come from OFI coffers or other Irish channels.

Mr Hickey (74), a former ANOC vice president, made headlines around the world when he was arrested by police at the start of the 2016 Olympic Games in Rio on suspicion of ticket touting. He was allowed to return to Ireland after posting bail pending the hearing of his case, which has yet to take place in Brazil.

Irish Independent