The disgraced John Delaney

Denis Irwin wrote: https://www.rte.ie/sport/soccer/2019/1203/1096675-frustrated-shane-ross-wants-complete-cleanout-at-fai/

Where do we go from here really ?

The only reason people are attempting to hang on is to pack their CV with being involved with the FAI for hosting Euro 2020. Self loathing sh*te. That Conway sausage is as big an egomaniac as JD ever was.

Edited by ShamtheRam - 03 Dec 2019 at 1:14pm

I know blowing the whole thing up might be very appealing to all of us and starting from scratch but I do wonder what impact that would have on those who are employed by the FAI and who have no fault in all of this. 

Borussia wrote: I know blowing the whole thing up might be very appealing to all of us and starting from scratch but I do wonder what impact that would have on those who are employed by the FAI and who have no fault in all of this.

Borussia wrote: I know blowing the whole thing up might be very appealing to all of us and starting from scratch but I do wonder what impact that would have on those who are employed by the FAI and who have no fault in all of this.

Missy wrote: CVA or Liquidation  is where we are heading.

CVA is a UK concept that doesn't apply in Ireland.

There would surely be a bit of malicious enjoyment by us fans of LOI clubs that have had to suffer through insolvency processes, if the FAI were to resort to one itself.

Liquidation, either started by the FAI itself or by a creditor, would be more likely. The employees would most likely become redundant as at the date that a liquidator is appointed. The liquidator's main job is to sell off any assets in "FAI Limited" to recoup as much money for creditors. This would likely include selling off any interest in Lansdowne Road. Not sure how governance of football in this country would be managed if the FAI were liquidated.

An examinership is possible I suppose, where the FAI try to buy up to 100 days to restructure and write down their debts. It would require fresh investment from outside to fund any rescue proposal. It would be the closest thing to a fresh start, and would probably be the best result for the ordinary hard working employees as a relatively clean entity could come out the other side.

F** knows though. Judging by the reporting today, the accounts are not going to be pretty.

As a general position, if the directors of the FAI cannot reasonably form the view that "FAI Limited" can meet its debts as they fall due, based on the accounts, and there's no feasible light at the end of the tunnel (via new lending from UEFA or otherwise) then they have a duty to recommend that "FAI Limited" be wound up.

EDIT: hopefully as part of any restructure, we can change the crest!



Edited by cliffrichard - 03 Dec 2019 at 2:40pm

 Paul Cooke appointed executive lead at FAI. Will be based full-time at Abbotstown, reporting to Donal Conway. from JOHN Fallon on Twitter.

Not familiar with Cooke. Good appointment?