Modest increase for FAI in MOU but LOI clubs left waiting for Academy funding

The FAI remain €42m in debt as the drought in men’s major tournament qualifications extends to a decade.

FAI Chairman Tony Keohane at a match. Pic:©INPHO/Ryan Byrne

The FAI has seen its core State funding rise to €6m as part of a new Memorandum of Understanding (MOU) deal agreed with the Government Tuesday.

A four-year accord was brokered in early 2020 to rescue the association from looming financial collapse, providing €30.8m in collaboration with Uefa and Bank of Ireland to meet mortgage repayments and licensing bills on Lansdowne Road along with covering staff payroll, among other outgoings.