Oireachtas Joint and Select Committees

Wednesday, 18 December 2019

Joint Oireachtas Committee on Transport, Tourism and Sport

Governance and Funding of Football Association of Ireland: Discussion

Mr. Kenneth Spratt:

It would depend on how it played out. If, for example, the bank was happy enough to move in on the asset and hold it, then the bank would become the part shareholder instead of the FAI. If the bank held on to the asset, which it could do, the bank would simply replace the FAI as the shareholder. Whether or not they wished to sell it, that can only be sold with the permission of the Minister. The Minister cannot unreasonably withhold permission to sell it, but it could be sold, and whether or not the Government would be interested in buying it would depend on circumstances.

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