BREAKING: Entire board of FAI to step down
THE entire board of the Football Association of Ireland (FAI) is to step down.
The announcement was made by Sports Minister Shane Ross as it emerged the FAI’s own auditors have notified authorities of potential failures in the company’s accounts.
According to reports this evening, Deloitte have filed a notice to the Company Registration Office stating that “proper accounting records” were not kept at the FAI.
Meanwhile, Minister Ross today said the entire FAI Board have indicated to him that they will be stepping down in the wake deepening controversy over the €100,000 ‘bridging loan’ the Association received from former CEO John Delaney. The board has been under growing pressure after it failed to address corporate governance concerns at an Oireachtas committee meeting last week.
Minister Ross said he wants an EGM to be called before the next scheduled AGM of the Association in July. The minister said he is looking to “facilitate a transition to a new board by way of transparent elections”.