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:
We would be well aware that cashflow is an issue for it. That would be well known within sport. We gave the FAI 50% of the funding this year; the second payment of 25% was given at the end of March. We have no idea why that loan was given to the FAI or why it needed a loan. That is why we are asking the question. We put an investment in the NGB within the FAI and it is sustained investment over a long period of time. Taxpayers' money is going into it and we have very good programmes in place. The viability of those programmes is critically important to us. We want to have strong organisations that do not have cashflow problems, but we also know it has debts with Aviva Stadium and it is meeting those debt requirements. We know that is not easy either.
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