News
Raymond Doherty 9 Apr 2019 03:30pm

FAI calls in Grant Thornton to review books

The scandal-hit Football Association of Ireland (FAI) has brought in accountancy firm Grant Thornton to examine “books, records and ledgers”

The FAI has found itself at the centre of a financial storm in recent weeks after it was revealed that its long-standing chief executive John Delaney had loaned the association €100,000 in 2017.

Since then the FAI has given contradicting statements explaining the purpose of the loan and Delaney has been demoted from CEO to executive vice president within the FAI.

In a statement yesterday, FAI president Donal Conway said that Mazars is in the process of “an independent and in-depth external review of matters” and that the board has requested that this review “be completed as soon as possible”.

Conway added, “Pending the review by Mazars, the association has separately and urgently engaged Grant Thornton to conduct an internal review of [its] books, records and ledgers. Grant Thornton are on site at FAI HQ since Tuesday, April 2.”

Delaney and other members of the FAI will appear before the Oireachtas Committee on Transport, Tourism and Sport tomorrow.

 

Topics