FAI Council Passes Rescue Package

The Senior Council of the Football Association of Ireland today voted strongly in favour of accepting a new funding proposal as proposed by the Board of the FAI.

The vote was taken by email in light of the current Covid-19 crisis, with the votes collated and counted independently by Grant Thornton. All votes taken were in favour of accepting the proposal.

Welcoming the vote, Independent Chairperson of the FAI Roy Barrett said: “The vote today in favour of new borrowing terms for the FAI with our Bank represents the completion of phase one of the rescue plan for the Association and is a major step forward for our game.”

“With our new banking facilities ratified by Senior Council, we can now progress with Sport Ireland to the reinstatement of government funding and the enactment of a new constitution that meets the needs of all stakeholders and supports the positive development of the game in Ireland.”


Image Credit: Sport for Business

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