FAI accounts show Association on firmer financial footing but challenges still lie ahead

Creditors, when combined between those due before and after 12 months, amount to €102.5m

The FAI, like all sporting organisations, saw their revenues decimated by Covid-19 but the State relief funding of €13.2m more than compensates for the €10.9m loss of ticket revenue for international matches and participants on coaching courses. Picture: Stephen McCarthy / SPORTSFILE

The FAI has reclassified its debt through Bank of Ireland, leaving the association with total creditors of €102.5m.

While current liabilities have decreased in the 2020 accounts published on Friday, most of the borrowings were pushed out to enable the Association to start trading its way out of the legacy issues from the previous regime.