Tag Archives: FAI

Accountant and FAI VP Paul Cooke (left in pics 1 and 2) and FAI President Donal Conway at the Football Association of Ireland Annual accounts publication for 2018 this afternoon.

This afternoon.

The FAI published their reports and financial statements for 2017 and 2018.

They have revealed that the organisation has net current liabilities of more than €55million and that former CEO John Delaney agreed a settlement with the organisation of €462,000.

The reports and statements for 2017 and 2018 can be read here

Earlier:

FAI President Donal Conway

 

This morning/afternoon.

Football Association of Ireland tweetz:

Donal Conway is to step down as President of the Football Association of Ireland at an EGM on January 25, 2020…

Meanwhile…

Former CEO of FAI John Delaney

This afternoon.

VIa RTÉ:

The FAI has disclosed that the organisation has current net liabilities of more than €55m, following the release of their 2018 accounts.

The association has been in discussions with UEFA as well as their banking partners since the end of 2018 in an effort to provide financial stability within the organisation.

Presenting the 2018 accounts at the FAI headquarters, executive lead Paul Cooke explained how the association came to a severance settlement with former CEO John Delaney, which amounted to 462,000, including a pension payment.

FAI reveals liabilities of €55m (RTÉ)

Rollingnews

Earlier

At 1pm.

The Football Association of Ireland is expected to publish its accounts for 2018, as well as revised figures for 2017 and 2016.

Details of former CEO John Delaney’s severance package are also expected to be among the figures.

They figures were supposed to be published yesterday but on Wednesday the FAI announced that they’d be published today instead.

Also on Wednesday, mobile phone firm Three announced that it will be ending its partnership with the FAI when their current deal expires next July.

Further to this…

The Irish Independent reports:

Irish football is being told to prepare for a “bomb” when the FAI’s accounts are presented today, with debts of over €50million expected to be revealed.

The association’s former CEO, Bernard O’Byrne, has warned that possible new sponsors will stay away from a “toxic” FAI until more changes are made at board level.

FAI expected to reveal debt ‘bomb’ of more than €50m at today’s presentation of accounts (Aidan Fitzmaurice and John Fallon, Irish Independent)

Previously: Three Mobile

“John Delaney Could Run Anything”

For The Last Time, It Was A BRIDGING Loan

“We Were Told ‘There’s No Story Here'”

Rollingnews

UPDATE:

This evening.

Three have announced that they will be ending their partnership with the FAI when their current deal expires next July.

“The Board and the commercial team here at the FAI would like to thank Three Chief Executive Robert Finnegan and his colleagues for their support of Irish football,” said FAI President Donal Conway.

“In their ten years as proud backers of Irish football they have been Ireland’s number one supporter and we will always be grateful to them for their financial and personal support.

“We look forward to a successful eight months ahead with Three on board as we countdown to the Euro play-offs in March and the UEFA EURO 2020 games in Dublin next summer.”

Statement released by the Football Association of Ireland this evening after Three Ireland announced it would not be renewing its sponsorship of the FAI when its current deal expires in July 2020.

Three Ireland will not be renewing sponsorship deal with FA (Irish Examiner)

FAI thank Three for Sponsorship (FAI)

Meanwhile…

Ah here.

Thanks Paul Flynn

 

 

 

This morning.

The Football Association of Ireland writes:

“The Board of the Football Association of Ireland has today begun the process to co-opt members to a number of committees as per the recommendations of the Governance Review Group report.”

The FAI is seeking to co-opt members to committees covering Football Management, Underage and Player Development, International and High Performance, Domestic Competitions  and Club and League Development.

All better.

FAI seeks applications for new committees (FAI)

Co-leaders of the Social Democrats Róisín Shortall and Catherine Murphy

This afternoon.

Politicians are returning to the Dáil after the summer break with Leaders’ Questions set to begin at 2pm.

Meanwhile, on the plinth…

Meanwhile…

Watch Dáil proceedings live from 2pm here

Pic: Gavan Reilly

A European bailout?

Aw ref.

Sport Ireland has ‘no difficulty’ with minister’s statement on FAI president (RTÉ)

From top: Ireland Under-19s during their 5-0 win over Romania in  the UEFA European Under-19 Championship Elite Round in March; Luke Brennan

How healthy is Irish underage soccer?

Answer: A little bit too healthy.

Before heading off to a respectable semi-final exit in the Toulon tournament, the Irish under-21 team beat the senior team 2-1. The funny thing about that, is that most of the talent on the under- 21 team comes from the under-19 team.

If they were able to keep their own players, the under-19 team would most likely beat the under-21 team.

For this reason, the Irish under-19 team head off to compete in the European finals in Armenia this month as victims of their own success.

Eight of their top players have been held back from competing by their UK clubs.

Nathan Collins (who was rumoured to be the subject of a £7M move to Man Utd. earlier this summer) has been held back with a guarantee of more first team football with Stoke City, in order to develop him as a player (or more likely to fatten him up with first team action to attract more offers).

Luca Connell has made his big move to Celtic, first team action is not guaranteed, but it is most likely that potential Champions league qualifier action will hold him back from the trip to Armenia.

Conor Coventry has been held back by West Ham, travelling with the first team to Switzerland to see if he is good enough to provide cover for Declan R**e – and he is.

Jason Knight, the box to box teenage sensation from Cabinteely is off to Florida with Championship side Derby for a pre-season tour with new manager and ex- Barcelona midfielder Phillip Cocu; an experience in itself.

Lee O’Connor is being held back at Manchester United, after his outstanding performance at the Toulon tournament, they may more greatly prize him as an asset.

Adam Idah has signed a professional deal with newly promoted premiership team Norwich, with the guarantee of first team training and the hope that appearances will follow.

Similar assurances were given Aaron Connolly at Brighton, who is the other multi-award winning goal-scorer which Ireland now have representing them in the Premiership.

Troy Parrott occupies his own stratosphere. Should he justify the hype, and there is nothing to suggest he can’t, he will be a once in a generation player that will repay the faith that Mauricio Pochettino intends showing him.

Indications are that he will be named in their summer squad for a trip to Singapore. A chance to prove that he is deserving of a first team place at 17 years of age.

Now that is a lot of quality to be missing out on, surely they can’t compete without eight of their starters?

Well, all but Luca Connell and Jason Knight were unavailable in the qualification process. It didn’t stop the U-19s beating Romania 5-0, Azerbaijan 3-1 and Russia 2-0.

They have quality and confidence in depth.

Adam O’Reilly looks every bit the flinty ambitious midfielder from Cork with an eye for goal that we’ve been missing these last few years.

Ryan Cassidy looks like the player that Robbie Keane wanted to be. Good enough for Liverpool, if he ever makes his dream move to there from Watford.

Where is all this quality coming from? Everywhere.

We may even have to re- assesses the Ross O Carroll Kelly stereotype; the under-19 right back Andy Lyons went to Blackrock College.

When I heard Greystones-born Simon Power interviewed after the under-21 game, he sounded like he just scored a try for Clongowes.

We also have the Reghbas, the Eboseles, the Afolabis, the Omobamideles. All welcome and a great addition. I’m great believer in the theory that the more you represent, the more you can be. The many faces of a new Ireland, with a new team to prove it.

A football team should represent changes in a society, all changes.

I hope it’s true, I hope the change is coming from all corners. I hope also that part of the change is that Irish people are beginning to realise that the best way to support the national team is to support their local team.

Attendances are up 15% at League of Ireland matches this year. No reason why that can’t happen every year.

It’s part of the reason why, when UCD’s highly rated teenage winger Neil Farrugia was offered a move to Man City, he choose to move to Shamrock Rovers instead.

Farrugia earned 600 points in his leaving certificate and is a gifted Biomedical Science student; he has options. The idea of turning out for a team that had an attendance of 6,414 in a recent derby game with Bohemians is also something which wasn’t always on offer in Ireland.

I think Irish football has a lot to gain from the rising affluence in Irish society. Along with increasing the genetic diversity, it means that there is a few quid to pay for a physio, have the video analysis gear, or think a bit more about diet.

When I was young, sports teams were managed by whoever’s dad had a car and could drive to matches. That wasn’t so long ago. Now we are an affluent nation, with cars, a few quid, well organised leagues and people with a few spare hours to volunteer and run them. These things make a difference.

I think every type of diversity is useful, even our sporting diversity. It may well be why Ireland punches above our weight in sport. Consider that Soccer competes with Gaelic football, Hurling, Rugby and the rest for it’s playing pool.

No other European country has such diverse sporting interest and there is a growing acceptance that a range of sports may be better for development than a relentless Tiger Woods style focus on one sport. Perhaps diversity is the reason for success, rather than a hindrance to it.

Go diversity, Go Ireland.

Luke Brennan is an Ireland born, Portugal-based writer, entrepreneur and sports fan.

Uefa Under-19 Championships

Previously: Green Shoots (Or: Why I Think We Might Win The 2030 World Cup)

Former CEO of FAI John Delaney (second from right) on his way to an Oireachtas committee hearing last month

More as they get it.

Rollingnews

Minister for Sport Shane Ross; letter from FAI to Mr Ross

Minister for Sport Shane Ross is currently addressing the Oireachtas sports committee.

He’s just said the entire FAI board is to step down.

He said:

“This move is to be welcomed and it is hopefully the first step on the road to rebuilding trust in this important NGB. Considering the issues over which most of this board has presided and those issues being obvious even before the various investigations have started, it is clearly time for a regime change.”

He also said no new capital payments will be made to the FAI until he is satisfied with the new measures put in place.

UPDATE:

Deloitte audit of FAI; chair of the committee Fergus O’Dowd, CEO of Sport Ireland John Treacy, Social Democrats TD Catherine Murphy

UPDATE:

Mr Treacy tells the committee that no other organisation that receives grant funding from Sport Ireland has had a form H4 filed against them to the CRO.

In response to a question about this from Fine Gael TD Noel Rock, Mr Treacy said:

“Not that we’re aware of. Never heard of it before. So we’re hearing about this for the first time. We heard about it this morning.”

UPDATE:

Asked if funding will be restored to the FAI before the year is out, Mr Treacy said: “Well, there’s a lot of work to be done.”

He said there is a mechanism to fund on a monthly basis “but that’s an issue when all the various bits and pieces have been done”.

Watch live in link above

Pic (letter): Ruth Coppinger

Pic (audit): Gavan Reilly

Meanwhile

This afternoon.

Earlier…

Sport Ireland CEO John Treacy (left) and Chairman of the Irish Sports Council, Kieran Mulvey (first right) arrive at Leinster House this morning for a joint Committee meeting on Transport, Tourism & Sport to discuss governance, oversight and scrutiny of the Football Association of Ireland (FAI)

Today, at 12.30pm.

Senior members of Sport Ireland will go before the Oireachtas sports committee to discuss the Football Association of Ireland, its funding, and matters concerning its governance again.

Ahead of today’s meeting, last night the FAI sent a letter to the same committee in response to questions that the committee felt weren’t answered when FAI senior members went before it last week.

The letter was signed off by interim CEO Rea Walshe.

In relation to a question on the FAI’s auditing process and whether auditors have access to all books and records including records of cheques, the FAI said:

“As part of the audit process, we are obliged to provide and do provide access to all the books and records of the Association for the financial year.”

Asked if the FAI has an active Tax Clearance Certificate, the FAI said:

“The association holds an active tax clearance certificate, which confirms that all current and prior tax affairs are in order.”

In response to a question about the FAI’s overdraft and specifically: why there is a difference between the overdraft as per the 2016 financial statement and the current overdraft, the FAI said:

“In 2013 the Association moved its overdraft facility from Danske Bank to Bank of Ireland. In 2016 the Association successfully refinanced its bank loans from Corporate Capital Trust to Bank of Ireland. The amendments to the overdraft facility formed part of the restructuring.”

Asked why the €100,000 loan given by former CEO John Delaney to the FAI was not included in the Monthly Financial Accounts, the FAI said:

“The monthly accounts presented to the Board and Finance Committee contain the Profit and Loss account which would be the normal way to assess the up-to-date performance of the business in relation to variances to budget. The €100,000 loan was accounted for in the balance sheet. Balance sheet accounts are reviewed by the finance team on a monthly basis. The transaction did not affect the Profit and Loss account of the Association.”

Asked why were other bank accounts – the FAI told the committee it has 24 bank accounts – not utilised in the absence of the €100,000 loan issue, the FAI said:

“At the time the association was provided with the €100,000 loan, it had utilised all available funding across its bank accounts.”

Asked what was the category of payment and payment terms of the creditor [who sought payment just before the loan was given to the FAI], the FAI said:

“We confirm that this information is commercially sensitive.”

Asked what account the €100,000 was paid into, the FAI said:

“It was lodged into our deposit account, which is the account the majority of our receipts go into. This is the bank account listed on our invoices. An internal transfer from this account to our main current account, which holds the overdraft facility, was then performed.”

Asked what comprises the €430,000 contained in note 20 of the 2016 Financial Statements, the FAI said:

“The €430,000 related to the CEO’s salary and the honorarium to officers of the board.”

Previously: The Nation Holds Its Breath

Kicking Off

Ah here.

Tonight,

Ballsbridge Hotel, Dublin 4

Nick writes:

On the way to the Ireland vs Liverpool Legends game (Sean Cox fundraiser at the Aviva)

Meanwhile

Meanwhile…

Tonight.

Cork City Vs St Patrick’s Athletic League of Ireland match.

Sinn Fein TD and former Cork City chairman Jonathan O’Brien was ejected from from Turner’s Cross last night following a protest against the FAI.

O’Brien – who was part of the Oireachtas Committee that met with the officials of the Association on Wednesday – was escorted out of the ground by Gardai….

TD thrown out of Cork City match at protest against FAI (RTÉ)