The FAI held its annual general meeting in Letterkenny on Saturday and many of the headlines in the media surrounded CEO John Delaney’s voluntary reduction in salary to €360,000.
This was perhaps natural given the high personal profile he attracted during the Euro 2012 Finals in Poland but of greater impact on the sport is the continued presence of €50 million in debt from the redevelopment of the Aviva Stadium.
The accounts reveal that interest only payments of €4.8 million were made in the past year but delegates were told that the debt would be cleared by 2020.
The October visit of Germany in the World Cup qualifying group stage is expected to generate close to €10 million but that is the only remaining home fixture this year and much importance was attached to the prospect of two friendly internationals against England which are currently being negotiated between the FAI and the FA.
The FAI is currently hoping to arrange a friendly fixture in September but this is most likely to take place in London as the Aviva Stadium is booked for a concert by Lady Gaga during the window for international games.
Staff numbers at the Association have been reduced by six to 173 in the past year bringing a reduction in associated costs of 15%.
There were no questions taken from the floor of the meeting.
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