The FAI have revealed new agreements with its creditors – the Bank of Ireland, Fifa and Uefa – to reduce debt repayments over the next three years.
The association currently owes €38 million with that figure projected to be €36.5 million by the end of this year.
A revenue windfall, estimated at €25 million from co-hosting Euro 2028 has allowed the FAI’s initial plan of being debt-free by 2031 to be extended by five years.
“The aim is to be debt free by 2036,” said FAI president Paul Cooke after the association’s AGM on Saturday afternoon, “but that could move.”
The FAI received a rescu
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