The entire board of the Football Association of Ireland (FAI) is to resign after its auditor, Deloitte, notified the Irish Companies Registration Office (CRO) that the association was not keeping adequate accounting records.
In a filing late last week, Deloitte notified the CRO that the FAI was contravening parts 281 and 282 of the Companies Act 241.
Part 281 states that companies are obligated to keep adequate accounting records, while 282 sets out the basic requirements for accounting records.
Contravention of these is a potentially criminal offence, and could result in fines of up to €50,000 and up to five years in prison.
Yesterday Irish sports minister Shane Ross revealed he had received a letter from FAI president Donal Conway saying the entire existing board would step down once a new structure had been put in place at the FAI.
As well as Conway, the FAI’s board includes Noel Fitzroy, vice president, Michael Cody, honorary secretary and Eddie Murray, honorary treasurer.
John Delaney acts as executive vice-president, a role who took up after his tenure as chief executive came to an end, will also leave.
According to The Irish Times, board member expenses will be investigated as part of the investigation into the FAI.
