Coronavirus: FAI's announcement of financial bailout on Monday in doubt due to restrictions - News Summed Up

Coronavirus: FAI's announcement of financial bailout on Monday in doubt due to restrictions


However, interim chief executive Gary Owens has this evening urged members to agree to an email vote. FAI rules decree buy-off must first be obtained from a majority of council members for any loan facility of over €1.27m. Coronavirus concerns were behind the decision in recent days to switch the meeting from FAI headquarters to a larger hotel room. The FAI's financial advisors Grant Thornton and legal consultants A&L Goodbody were due to attend the meeting. "We will go through the detail of the financial proposal with Bank of Ireland at a Council meeting on that date."


Source: Irish Independent March 15, 2020 19:07 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */