Mr. John Treacy:

There is a lot of work to be done over the next three to six months and over the course of the next year. There are a number of steps that can be taken by an FAI board to advance the corporate governance structure. Sport Ireland will get its audit of the FAI done. All of the indications down through the years from the FAI's auditors were that taxpayers' money was expended for the purposes for which it was given. We have that letter for every year from their auditors. Sport Ireland will be doing all of that piece of work.

If there are some assurances - and it is a big "if" - we have a mechanism where we can fund on a monthly basis and account for the money that would be going for a specific position. That is an issue for when all the various bits and pieces have been done, when there is advancement with regard to the corporate governance and when Sport Ireland has an audit completed. We are aware that the work of the Office of the Director of Corporate Enforcement and Mazars will take some time but we will begin to get a flavour. If there is an AGM of the organisation and a new board in place all of these factors play into possibly being in a position where one might be able to make a decision. If, however, we are not ready to make a decision then we will not make a decision. That is the key point.