Sport Ireland 'seeking urgent clarification' over Delaney loan to FAI
Sport Ireland says it is "seeking urgent clarification" from the Football Association of Ireland about a loan given to the organisation by its Chief Executive.
The agency says it has written to the President of the FAI asking for the Board of the association to "clarify the media reports concerning a loan" from John Delaney, "including the circumstances of the loan and its repayment." The agency, which oversees the development of sport in Ireland, says "it 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."
It comes after John Delaney confirmed in recent days that he had provided the FAI with a €100,000 bridging loan in April 2017. He said he "acted in the best interests of the association at a time when immediate funding was needed" during what he described as a "short-term cash flow issue" experienced by the FAI. Read more: FAI reiterate bridging loan 'was in best interests' of association
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