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Irish Mirror
Irish Mirror
Sport
Ferghal Blaney

FAI chiefs explain reason for Delaney's €100,000 loan and why it was hidden from board members in letter to Oireachtas

FAI chiefs wrote to the Oireachtas sports committee this evening offering some answers to outstanding questions on the €100,000 Delaney loan. 

They claimed it could be seen in one account, but not in another area of the accounts.

They apologised for their late replies, suggesting that they had a lot on their plates last night with Mr Delaney stepping aside and two other board members resigning.

But the answers are unlikely to satisfy increasingly angry TDs and senators of the committee who were joining together tonight in more numbers calling for the resignation of the full FAI board.

Officials from Sport Ireland - and the Minister for Sport Shane Ross will be appearing before the committee tomorrow morning.

Imelda Munster says John Delaney's departure pending investigation 'not good enough' 

One of the reasons the FAI gave in their letter addressed to the committee clerk about why the Delaney €100,000 loan remained hidden to many board members was that it was only visible in a certain account.

The FAI letter delivered said: “The €100,000 loan was accounted for in the balance sheet.

“Balance sheet accounts are reviewed on a monthly basis.

“The transaction did not affect the Profit and Loss account of the Association.”

In the letter, new interim CEO Rea Walshe also confirmed that the FAI had 'utilised all available funding' in other bank accounts before Delaney's loan.

She added: "At the time the Association was provided with the €100,000 loan, it had utilised all available funding across its bank accounts."

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