Ian Mallon: Moneyball - anatomy of a football financial crisis

Concerns were first raised after The Pitch reported last week that those who run the Kildare and District Underage League (KDUL) were unable to produce appropriate financial statements for the league at its annual general meeting last month.

MONEYBALL: A general view of a football. Picture credit: Piaras Ó Mídheach / SPORTSFILE

Details have emerged about how hundreds of thousands of euro worth of assets have been secreted away from a major schoolboys/girls league and into a company which now controls those and other interests.

The arrangement was discovered in one of the country’s largest underage leagues after members demanded to know the whereabouts of a €350,000 Sports Capital grant awarded by Government, along with other financial details.