Football

FAI Accounts Reveal John Delaney Received Severance Package Of €462,000

FAI Accounts Reveal John Delaney Received Severance Package Of €462,000

Accounts released by the FAI this afternoon have revealed that John Delaney, their former CEO, received a severance package amounting to €462,000.

The former FAI CEO went on "gardening leave" back in July after a damning investigation into financial affairs at the Association by the Sunday Times. The FAI subsequently announced his resignation in September.

While there has been plenty of speculation regarding his severance package, details had yet to be made official.

It was also revealed that the company has net current liabilities of €55 million, which has forced the association to announce that they will be remortgaging debt on the Aviva Stadium until 2034.

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Meanwhile the accounts state that Martin O'Neill and Roy Keane, along with other members of the former men's senior management team, received severance packages totalling €1,903,277.

Prior to today's announcement, FAI President Donal Conway announced that he would be stepping down from his position at the FAI EGM in January.

SEE ALSO: Breaking: Donal Conway Set To Step Down As President Of The FAI

Aonghus Ó Maicín

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