FAI boosted by €20m debt deal

The FAI were last night celebrating confirmation of a debt write-down deal which will save Irish football an estimated €20 million over the next six years.

Danske Bank agreed to a €12.5m haircut on the loan taken out by the FAI in 2009 for their part of the Lansdowne Road redevelopment costs.

That principal, set at €59m in the last set of FAI accounts to year-end 2012, is now understood to be hovering around the mid-€40m mark.