Home Football FAI In Danger Of “Becoming Insolvent In Only A Matter Of Weeks”

FAI In Danger Of “Becoming Insolvent In Only A Matter Of Weeks”

SIPTU claim they have received important information relating to the FAI’s current financial situation. 

The Trade Union say that the association’s finances are in an “extremely precarious financial situation” and that they face the threat of “becoming insolvent in only a matter of weeks.”

They are now calling for a meeting with Sports Minister Shane Ross in order to solve the issue as members of their union face the risk of losing their job within the FAI.

SIPTU represents staff employed by the FAI as development officers, coaches and administrators and have also represented players through their affiliation with the PFAI.

Denis Hynes, SIPTU Sport Sector Organiser released a statement from the Union calling for a meeting with Minister Ross.

“We have received information that the FAI is in an extremely precarious financial situation with a threat of the organisation becoming insolvent in only a matter of weeks. This has caused great concern to our members who are employed by the FAI.

“While we fully understand that under Fifa rules the government does not have a role in the running of the organisation we believe that with up to 200 jobs at risk the situation is one that requires the direct attention of the Minister for Transport, Tourism and Sport, Shane Ross.

“We are seeking an urgent meeting with the Minister to directly inform him of our concerns and discuss any possible intervention that can be made to alleviate this critical situation.”

This is the latest in a long line of controversies involving the FAI dating back to March when it was reported that former CEO John Delaney paid the FAI a €100,000 ‘bridging loan’ to cover a cash flow problem.

About Michael Corry

Sports Journalist based in Dublin. Hit me up if you have a unique story to tell. Email: michael@punditarena.com Twitter: @Corry_10 Instagram: @Corry_10