Irish Minister for State Thomas Byrne has pledged a €500,000 grant to Dundalk FC under the Sports Capital scheme, contingent upon the club remaining operational and obtaining a league licence. Byrne hopes this announcement, made two weeks ahead of schedule, will attract potential buyers amid ongoing takeover negotiations. He also called for stricter financial vetting of club owners.
Minister for State Thomas Byrne has pledged that Dundalk will receive the €500,000 grant that they applied for under the Sports Capital scheme - as long as the club remains in existence.
The County Meath TD revealed that he had spoken with interim FAI chief executive David Courell on Friday and again on Monday, where the subject of Dundalk’s perilous situation arose. “We’ll make a final announcement in the next two weeks, but there's about 3,500 other applications, so we just haven't finalised all the figures yet.Byrne added that any government monies handed over under the Sports Capital scheme could not be spent on clearing debts or paying player wages.
Byrne added: “Obviously we’ll keep a watching brief on it, but we want the club to be saved, we want the club to maintain an existence and I feel that this will be…“But I thought that when we know it's a valid application, we know it's a good application to give that indication, I think that this is critical junction of the club…
“Look, I'm not happy with the way everything has happened, but look, for the future I think there needs to be, I suppose, a financial test in terms of new owners coming in.
Dundalk FC Sports Capital Scheme Grant Takeover Financial Tests
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oasis fans rage at Ticketmaster as tickets sold for almost €500 eachOasis fans are livid after many of them reached the end of the Ticketmaster queue this morning only to see that 'in demand' tickets priced up to €500 were the only ones left
Read more »
Landlord ordered to pay damages after tenant claims to have been subjected to ‘abusive’ messagesSuzanne Moran must pay €500 in damages for ‘stress and inconvenience’ caused to Cormac Figgis
Read more »
All parents confirmed for whopping €500 cost-of-living boostThe scheme is not means-tested and it has now been confirmed that it will be extended in the upcoming budget to senior cycle students - it will likely kick in for the 2025-2026 school year
Read more »
Making one simple heating change this winter can save you up to €500Things will start getting chilly very soon, but you can cut down on your heating bills significantly by making one simple change when conditions start to get colder
Read more »
Budget 2025: Roderic O'Gorman calls for 'baby boost' worth over €500 for parentsSpeaking in Newry, Tánaiste Micheál Martin said Mr O’Gorman’s proposal was “interesting”
Read more »
Nothing Phone 2a Plus tested - best phone you can buy for less than €500?Carl Pei’s Nothing brand has just released its Phone 2a Plus in Ireland but we've been testing it now for more than one month - here’s everything you need to know about the best designed mid-range phone you can buy
Read more »