herald

Saturday 7 December 2019

'FAI's latest accounts will shock football', says new VP

John Delaney
John Delaney

John Delaney's pay-off from the FAI will be revealed next week when the cash-strapped association publishes its acc-ounts.

A reconvened AGM to discuss the financial statements is likely to be held on Saturday, December 21, after the accounts were not signed off at a meeting of the eight-person board last night.

The FAI's new vice-president Paul Cooke recently confirmed the requisite 21-day notice period to members of the gathering would be issued.

Overdraft

Mr Cooke warned that the figures would cause "shock" in football circles.

Debts could soar above €50m when the emergency overdraft facility provided by Uefa over the summer is added to the legacy mortgage on Lansdowne Road.

Sports Minister Shane Ross and TDs on the Oireachtas committee have been seeking details of Mr Delaney's severance package, thought to be around €300,000.

The formal exit of Mr Delaney was confirmed on September 29. He was on gardening leave in April on his full €360,000 salary as the crisis at the FAI deepened.

The Waterford man was less than a month into a role of executive vice-president after being reassigned from the chief executive post he held for nearly 15 years.

Noel Mooney, who replaced Mr Delaney in a caretaker capacity, is to be succeeded by John Foley.

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