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Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Who is paying the rest?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Are the local authorities divvying up their 50%?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: They are all on board with this new proposal.

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: What about the local authorities?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Who will be the employers of the development officers?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Are there any superannuation implications to the set-up? I understand PRSI and so forth will be paid by BDO.

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: The FAI will pay BDO. The local authorities will pay the FAI which will in turn pay BDO.

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: What about travelling expenses?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Is the Minister content to let the FAI go into liquidation or examinership?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Have the Department or Sport Ireland taken the initiative to contact the IRFU to see if it is interested in taking over the €29 million debt relevant to the stadium and the FAI’s stake in it?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Would the Minister take the initiative?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: I presume that will be looked at. Up to €29 million of debt disappearing plus the associated servicing costs would presumably improve the FAI’s position.

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: If the IRFU is not interested and third parties, such as UEFA or FIFA, cannot be identified to take it on, would the State look at taking the stake in the stadium?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: It is actually a home-grown proposal that comes directly from me. I am asking the question.

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: If it gets to it, is it something we are prepared to consider?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Nothing is agreed until everything is agreed, presumably, so it could be on the list.

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: I am conscious that something needs to be done. I believe we are heading towards Bank of Ireland putting up a "For Sale" sign on the Aviva stadium. Obviously, no one wants to see that because we are all here to secure Irish football if we can. While I appreciate that the Minister will not answer, I respectfully suggest that he add that option to the list of considerations because it may...

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Dead or dry cash, for example, providing €18 million on the never-never, is something we would all be against. I would hate to see that but if it gets to the stage where nothing else can be done, the stadium is a tangible asset that the people would be happy to own. I am a little confused. A previous speaker referred to the independent directors. We all do our own research and we...

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Does Mr. Treacy know their names?

Joint Oireachtas Committee on Transport, Tourism and Sport: Governance and Funding of Football Association of Ireland: Discussion (18 Dec 2019)

Marc MacSharry: Do any of the witnesses know their names?

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