Oireachtas Joint and Select Committees

Wednesday, 3 April 2019

Joint Oireachtas Committee on Transport, Tourism and Sport

Funding Granted by Sport Ireland to the Football Association of Ireland and Related Matters: Discussion

Mr. John Treacy:

The FAI has a cash flow issue. It has debt relating to the Aviva Stadium on which it must make repayments, which is a big issue. The FAI can run into cash flow problems and issues if they have no matches or do not qualify for a tournament and things like that. It is on occasions like that it arises.

Many of our governing bodies work on a tight budget. They do not have commercial incomes or gate receipts and, to a large degree, depend heavily on funding. They are always tight on funding. We have been encouraging all of them, if they have a debt in a given year, to start reducing it because one does not want it building up and, in fact, we try to encourage the NGBs to have a little bit in reserve going into every year. That is the model for the future.

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