Mayo must produce debt plan

MAYO County Board have been asked to draw up a financial plan to pay off a €10.5 million debt for works carried out at MacHale Park.

The board had been paying off interest-only loans to Croke Park (€4.5m) and the Ulster Bank (€6m) until last month after receiving a €5m grant from the GAA to pay for the project.

When the terms were drawn up in 2008, capital payments were due to be incorporated into the repayments after two years but, due to financial difficulties, the board restructured the loans.