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Published 10:08 18 Mar 2019 GMT
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“It was agreed at our last Board meeting that we should undertake a full review of our management and operational structures and procedures at senior executive level. “This is a direct response to the changing demands facing a national governing body. The process is underway and we have a blueprint for the future in early April. “This is something we want to do and we are ready to do. The Board members and the senior management in Abbotstown have already taken part in this procedure. “This latest review will future proof Irish football and we will embrace the recommendations.”CEO Delaney has also expanded on his statement released last Saturday night regarding a bridging loan that he made to the Association to deal with a short-term cash flow issue in April 2017. This loan was repaid in full by the FAI to Delaney in June that year.
“I have already commented on the reasons behind the loan. I acted in the best interests of the Association at a time when immediate funding was needed. “This loan had no impact on the full financial position or performance of the Association for the year. It was a matter of timing. “The monies received from Euro 2016 were utilised in that year’s budgets as outlined in the financial report to the 2017 AGM. “As CEO, I hold regular meeting with our Director of Finance regarding the state of our finances and all items arising are conveyed to our Board at our monthly meetings. “This was the case in 2017 when I acted in good faith for the benefit of the FAI and will continue to do so.”A full media conference will be held in early April to discuss the organisational review.
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