Fresh questions over Fifa-FAI deal
Fifa has told the Irish Examiner that it reclassified the no interest loan in its Financial Report in 2012 – the year after it wrote down the value of the loan by €1m to €4m – from a “short-term” loan to a “financial asset”.
A spokesman for Fifa in Zurich said this was done to reflect the “long-term nature” of the loan on its books and was done in accordance with accounting standards to show the nature of the loan.
