The FAI have been reported for breaking company law by Deloitte, the official auditor of the Football Association of Ireland.
The auditing company filed the report four days ago to the Companies Registration Offices (CRO) claiming that the FAI’s accounts were not being properly kept.
The CRO is the governing body of public statutory information on Irish businesses
Deloitte declared that the FAI “is contravening section 281 and section 282 of the Companies Act 2014″. The contravening of section 282 means that adequate accounts have not been correctly recorded and explained.
This comes after the Sunday Times reported last month that John Delaney paid the association a €100,000 bridging loan to circumvent a short-term cash flow problem.
Since then, the affairs of Delaney, the FAI and its existing board members have been brought to the public attention little by little.
It culminated on Monday when it was officially announced that CEO turned Executive Vice-President, John Delaney has voluntarily stepped aside alongside Michael Cody and Eddie Murray while an independent investigation is carried out by the organisation.
The statement can be read in full below:
“The Board of the Football Association of Ireland met in Dublin today. Following that meeting, the sub-committee of the Board met with Executive Vice-President John Delaney.
“John Delaney has offered to voluntarily step aside from carrying out his role as Executive Vice-President with immediate effect pending the completion of an independent investigation by the Association into issues of concern to the Board.
“Honorary Secretary Michael Cody and Honorary Treasurer Eddie Murray have both voluntarily resigned from the Board.
“The Board would like to thank Michael Cody and Eddie Murray for their long service to Irish football and wish them well after their voluntary resignations.”