Mr. Kieran Mulvey:

From the perspective of Sport Ireland, we were at two very long meetings of the committee previously where a very robust debate took place and there was questioning around what needed to be done. What we wanted to do was to have no dilatory action on our part. We needed the review of the governance to go ahead. That had to be done as, otherwise, there would have been a drift.

Parallel with that, we have the investigations. There is a bit of realpolitikaround this. There are two parallel processes, over one of which we have control, namely, to provide the governance pathway for the FAI and then for the FAI members to vote on that freely and deliberately, with all the information available. As to the other process, I accept the point the Deputy is making in regard to the accounts of the FAI, which, understandably, I would say, Deloitte is still working through because of other issues it had with previous accounts, and the notice it put in, which led to the corporate enforcement investigation. We have our forensic audit going on and they have Mazars. I do not mean any disrespect to any profession, although sometimes I might say things, but in trying to push them to move with the alacrity we all would wish, and I have done myself in the past in getting disputes resolved, they do not seem to have the same deadlines. We are trying to put deadlines on our report, which we have, but we have no control over the corporate enforcement. To me, and I have said it, that is critical to the future. Whatever they come up with may lead to certain changes being necessary in the way in which the FAI reports its financial and corporate affairs, either under the Companies Act, the code of governance or otherwise. There will be an implementation period in which that will be addressed.

The other issue around that parallel process is the implementation. We are central to that. We are central to the appointment of independent directors in the sense that that will be an independent process conducted with full public transparency. On the timeline involved in this regard, this time next year, I would expect that all of these processes will be in place so that, when the next AGM of the FAI comes up in 2020, it will amend whatever needs to be amended in the light of the reports that will then emerge.

One of the reasons I do not go into this is because, when I hear the words "corporate enforcement", and I hear other things, alarm bells ring in my head. As Mr. Treacy said earlier, he understands these to be serious and substantial in the engagement with the Office of the Director of Corporate Enforcement. All my hope is that if they are that serious and that substantial, we need traction on this, we need early deliberation and we need early report. I know it is the anniversary of the Apollo mission but this is not rocket science, is it?