|Fianna Fáil Spokesperson on Transport, Tourism and Sport, Deputy Robert Troy has said that the Chief Executive of the Football Association of Ireland (FAI), John Delaney must be prepared to answer questions on the €100,000 bridging loan he gave the FAI.|
Deputy Troy was commenting after it emerged that Mr Delaney had provided the FAI with a €100,000 cheque in April 2017. A statement issued by the FAI said that the loan was required to aid cash flow on that occasion and was repaid in full.
Deputy Troy said, “There are serious questions which need to be answered in relation to this loan, namely, why did a national sporting body which received in the region of €50m in state funding from 2008 -2018 along with commercial contracts, gate receipts and international funding, need a €100,000 bridging loan?
“Following the ticket scandal at the last Olympics, Sports Ireland updated their code of governance. As the governing body for football in the Republic of Ireland the FAI is required to adhere to best practice and corporate governance legislation.
“The governance code explicitly outlines the need for openness and transparency yet why was there an attempt to keep this quiet by way of a high court injunction? There is also no disclosure of the loan in the FAI accounts which in itself is a breach of the 2014 Companies Act.
“There is no doubt the FAI does invaluable work in communities the length and breadth of country but this does not absolve them from their responsibilities to stick to governance legislation.
“Minister Ross has been very quiet on this issue to date but I, along with my Oireachtas Committee colleagues, will put these questions and more to Mr. Delaney when he comes before the Committee in the coming weeks”, concluded Deputy Troy.
Delaney must be prepared when he comes before Oireachtas Committee – Troy
18/03/2019 in Latest News