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F-A-I cash balance drops

Aug 26, 2024 13:02
By radiokerrysport
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F-A-I cash balance drops

The F-A-I's cash balance has dropped from nearly 11-million euro to 1.6 million as revealed in the association's accounts released today.

The drop is due to the repayment of legacy debt which the governing body reduced by over 7-million euro to 43.2-million.

The association is now considering a longer term debt strategy due to the reduction in reserves.

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The FAI's turnover increased from 54-million to over 62-million in 2023 while it also received 5.8-million in grant funding from Sport Ireland.

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