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Sport Ireland Seeks 'Urgent Clarification' From FAI Regarding Delaney Loan

Sport Ireland Seeks 'Urgent Clarification' From FAI Regarding Delaney Loan
PJ Browne
By PJ Browne
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In a statement, Sport Ireland says that it has written to the FAI seeking "urgent clarification" regarding a loan which CEO John Delaney provided to the association in 2017.

On Saturday night it emerged that Delaney had sought to have an injunction put in place to prevent the Sunday Times publishing a story regarding the loan. That application was denied.

The FAI subsequently published a statement saying that Delaney had provided the FAI with "a €100,000 bridging loan" in April 2017. It was said that loan was required to aid cash flow and was repaid to Delaney in full in June 2017.

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Specific details which Sport Ireland requires from the FAI include "the circumstances of the loan and its repayment."

"Sport Ireland was not notified at any stage in 2017 about any apparent material deterioration in the FAI’s financial position, as per Sport Ireland’s Terms and Conditions of Grant Approval, and has sought additional clarification in relation to this matter," added the statement.

The FAI confirmed that it received the correspondence from Sport Ireland on behalf of Minister for Transport, Tourism and Sport Shane Ross and that a response is being prepared.

Photo by Stephen McCarthy/Sportsfile

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See Also: Declan Rice Keen To 'Forget About The Past' With Ireland

 

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