The board of the FAI has confirmed that former chief executive John Delaney received a severance package totalling €462,000 while also revealing overall liabilities of €55 million. The potential liability to John Delaney had originally been €3 million, and at the end of last year it was €2.142 million, the FAI said at a press conference in Abbotstown today. In 2016, an original profit of €2.344 million was subject to adjustments of €2.278 million, leaving a surplus of just €66,000. In 2017, a profit of €2.8 million was subject to adjustments of €5.8 million, leaving a restated loss of €2.9 million. The accounts reveal that the organisation has net liabilities at the end of 2018 of €55 million.

Source: The Irish Times December 06, 2019 13:43 UTC