Oireachtas Joint and Select Committees

Wednesday, 10 April 2019

Joint Oireachtas Committee on Transport, Tourism and Sport

Engagement with the Football Association of Ireland

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source

If the money is paid into a particular account - it could be any one of the 13 but I am taking the UEFA account as my example - money is obviously transferred into the main bank account and then paid on to clubs. There should be no issue in respect of certain creditors having their funds met because there would be money sitting in holding accounts. For instance, prize money would be sitting in a holding account. If a club like Cork City, which I would be involved in, asked the FAI for its prize money or the UEFA money from its European runs, that money would be transferred automatically from the European UEFA account into the main account and then transferred on. There are some creditors in respect whom there would not be concerns if cheques were issued or outstanding to them. Would that be a fair assessment?

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