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Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Obviously coming into the period of March-April the accounts were about to go over the authorised overdraft limit. Could the FAI not have seen that coming last December when a full board met to do the budget forecast and annual accounts?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: I know where Mr. Conway is coming from. As he said, the FAI plans ahead so knows when fixtures are coming up, when the FAI must send teams abroad and when money must be given to the clubs and that. Did an exceptional item arise that put a strain on the bank account?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Right. The 2017 accounts were audited. Did the auditors give them a clean bill of health?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: I understood from what Sport Ireland said last week that some items in the accounts had to be qualified. Were some items questioned by the auditors?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Did that figure include the €100,000?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Yes.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Yes.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Sport Ireland's accounts are on foot of the FAI's accounts produced to Sport Ireland to progress the drawdown of grant and it raised a question.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: I might come back to the matter later.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Fair enough.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: I thank Mr. Conway.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Mr. Conway introduced an additional addendum from Grant Thornton in his opening statement. It would be good, and in the interests of this committee, the public and the people who are watching, to get this a signed copy of that. He did say that the board asked Grant Thornton to focus on the issue of the €100,000, which came back with some documentation and then the FAI deliberated on...

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Last week, I did not get a proper answer to my query. Maybe the transaction was incorrect. Is Grant Thornton saying the transaction was legal or illegal? The FAI is accountable to the UEFA and FIFA in terms of how it is structured. Is that right? We are limited in what we can say to the FAI. More important, we are limited in what the Government can say or do to the FAI. We will not...

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: The fact that the board was not aware leads me to my next question. Before the financial officer or whoever turned to the then CEO, and I know there was a short deliberation, was there not enough time to approach the local bank manager and say, "Listen, extend the overdraft from €1.5 million to €1.6 million?" In fairness, the CEO was safeguarding the reputation of the bank and...

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: I accept that but some members of the committee are not happy with Mazars being appointed. Why does the Sport Ireland team not fast-track its own audit?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: On a point of order, there is a vacancy on the back row of seats if the guests would like to realign themselves.

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: If I am a director of the FAI and someone gives me €100,000, I have to disclose it because of company law. If I give Mr. O'Connell €100,000, he does not have to make an issue about it but best practice suggests that he should. Is the law being broken?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: When Mr. Delaney asked the director of finance, what comment did he make?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: He did not use the words "best practice". How often has the FAI breached its overdraft facilities in the past number of years?

Joint Oireachtas Committee on Transport, Tourism and Sport: Engagement with the Football Association of Ireland (10 Apr 2019)

Kevin O'Keeffe: Does the president have it?

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