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:
I will take that question. Yes, it is free to sell its share in it. The FAI owns 42.5% of the Aviva stadium. The Irish Rugby Football Union, IRFU, owns 57.5% of it. They are joint owners of New Stadium DAC, which owns the asset. The FAI is free to sell its share but can only sell with the agreement of the Minister. Yes, it is free to sell it. Having said that, the Minister has first charge on the asset. There is a deed of covenant and charge on it that protects the Minister's interest, which was the significant investment that was made by the Government initially.