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FAI May Have To Sell Aviva Stadium Share To Balance Books


The FAI has been asked to consider selling its stake in the Aviva Stadium in an attempt to ease its cash flow crisis.

It's believed experts from European football's governing body UEFA have discussed the move as they review the finances of the association, according to the Irish Independent.

Meanwhile, the Chair of the Oireachtas Sport Committee says the FAI needs to appoint an independent chairperson quickly in order to restore some form of credibility.

Fergus O'Dowd says the current situation is absolute chaos and cannot continue.

Yesterday, John Foley, a former Chief Executive of Athletics Ireland, announced he would not take up the role as its interim CEO.

The Minister for Sport says only strong reforms will see its funding restored.

"The name is there, it's been with them for some weeks now with the nomination committee in the FAI," said Deputy Fergus O'Dowd - the Sport Committee chair.

"I think to give the size of leadership clear direction and a completely fresh start - you need such a person to take over at the helm right now."

Following the announcement from Mr Foley that he would not be taking over the role - the FAI released a statement:

"The Board of the FAI notes with great regret John Foley’s decision not to accept the role of Interim CEO with the Football Association of Ireland.

"Throughout our dealings with John, his suitability for the role was beyond question and the level of professionalism and clarity he could bring to the Association would have been invaluable.

"John’s experience and influence will be especially missed by our staff who would have benefitted greatly from his arrival.

"The Board of the FAI will meet to discuss the next steps."



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Abbotstown FAI Fergus O'Dowd Football Assocation Of Ireland John Foley

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