Revealed: What Delaney told inquiry about money paid to Hickey
Extracts from John Delaney's submission to the Rio ticketing inquiry: "While I was the formal proposer of the honorarium on June 22, this was the final stage of the process and was a matter of formality at the end of a discussion by the executive committee."
"Prior to the meeting on June 22 I did not have any involvement in, and was not aware of, the initial formulation of the proposal for an honorarium for the president.
"It appears to have been raised at the executive committee meeting on Tuesday, March 9, 2010. I was not present at that meeting.
"The concept of an honorarium was introduced by the honorary treasurer and according to the minutes the proposal had the unanimous support of those executive committee members who were present.
"The executive committee asked the executive officers to look at the issue in more detail...
"On Tuesday, June 22, the executive officers reported back to the executive committee meeting. I was present at this meeting.
"The executive officers presented a report and recommended an honorarium of €60,000 per annum. I was not involved or privy to the preparation of the report or the executive officers' deliberation in relation to the proposal.
"I first learned of the amount of the proposed honorarium when it was put to the meeting.
"I attended the meeting of June 22 at which there was a clear consensus in support of the executive officers' proposals. I then formally proposed the resolution for approval.
"In addition, I wish to make it clear that my support for the honorarium was strictly on the understanding that the honorarium payments would be fully disclosed and would comply in all respects with legal and tax requirements, including the provisions of the memorandum and articles of association.
"In this regard I would point out that the honorarium was approved on a yearly basis by the OCI officers and the accounts approved at every OCI AGM subsequent to 2010 by all member federations."