Noel Rock (Dublin North West, Fine Gael) | Oireachtas source

I can understand how that would come to be given the lumpy nature of the associations ingoings as opposed to the steady nature of its outgoings. It is perfectly rational. Given that, at the time, the FAI may not have been able to honour all cheques issued, is Mr. Conway of the view that the FAI was close to being insolvent under company law?