Oireachtas Joint and Select Committees
Wednesday, 10 April 2019
Joint Oireachtas Committee on Transport, Tourism and Sport
Engagement with the Football Association of Ireland
Pádraig Ó Céidigh (Independent) | Oireachtas source
I cannot talk about the future. I can only talk about the past and the delegation's time here. It is quite frustrating for me and others, I am sure, as so many people are here who had different roles until recently. We are barred from asking pretty relevant and important questions in that regard. I made a note when Mr. Conway spoke about restoring confidence and we are collectively responsible in that regard. A first class FAI board and organisation is so important for our country.
I have another question which requires a "Yes" or "No" answer. Was there a time when any board member was concerned about the going concern of the business? I do not know if the witnesses understand what I mean by "going concern". Going concern is a legal requirement and if there are any issues about going concern, a certain process must take place and it could end up in the winding up of the business. From the deliberations of the witnesses and others, it seems this €100,000 was vital to keeping the organisation afloat. If it is down to €100,000, going concern would be a big issue for me. There is no reference in the 2017 relating to going concern. An auditor would have to qualify the accounts if there was a concern about going concern. If the organisation is down to €100,000 with €50 million of a turnover, I would be worried.
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