The Football Association will not receive any more money from Sport Ireland for now, after a “bridging loan” was made public.
After a “bridging loan” of £87,000 was made public, Sport Ireland chief executive John Treacy has confirmed that it’s suspending funding to the Football Association of Ireland (FAI).
This means the association will now miss on £2.3 millions per year.
“The Board of Sport Ireland at its meeting today (April 9th) has decided to suspend and withhold future funding to the Football Association of Ireland (FAI) in accordance with Clause 1.1 of Sport Ireland’s Terms and Conditions of Grant Approval,” a statement read according to The Daily Mail.
“The decision was taken in light of an acknowledgment by the FAI in its written opening statement to the Joint Oireachtas Committee on Transport, Tourism, and Sport tomorrow that in 2017 the FAI did not comply with Clause 4.3 of Sport Ireland’s Terms & Conditions of Grant Approval.”
He added: “In making the decision to suspend and withhold funding, the Board of Sport Ireland notes that the FAI has already been paid 50 percent of its 2019 funding to date and some positive steps taken by the FAI in recent days.”
“This decision will be reviewed by the Board of Sport Ireland as a standing item at each of its future meetings.”
There will be numerous programs which will be affected by Sport Ireland’s decision. Meanwhile, the FAI has yet to say anything about the cut of fundings.
🗣️ "Today proved a bridge too far. Spain were exceptional. The better team won on the day"#IRLWU19🇮🇪 Head Coach Dave Connell has no complaints after his side lost to Spain🇪🇸 this evening
— FAIreland ⚽️🇮🇪 (@FAIreland) April 9, 2019