Advertisement

Sport

FAI set to appoint independent directors with stockbroker lined up for Chair

Off the Ball understands that the four independent directors of the FAI, seen as vital for credibili...


FAI set to appoint independent...

Sport

FAI set to appoint independent directors with stockbroker lined up for Chair


Off the Ball understands that the four independent directors of the FAI, seen as vital for credibility, could be named this evening. 

The Irish Times reports that stockbroker Roy Barrett is in line for the position of chairperson of the independent directors. The nominations committee of the FAI is set to meet tonight.

Barrett has been MD of Goodbody Stockbrokers since 1996. Whether he takes up the role remains to be seen, but it's believed he is the choice of recruitment consultants Amrop.

The appointment of the four independent directors is seen as vital for Government Minister Shane Ross to have comfort that the necessary reforms are in place in order for discussions to begin over a bailout of the cash strapped Association.

The FAI have debts of over €60 million. Minister Ross is due to meet UEFA next week.

If Barrett took up the role, it's understood he would be one of four independent directors that would lead the hunt for a new Chief Executive. The FAI has been without a permanent CEO since John Delaney stepped down.

Olympic Federation of Ireland chief Sarah Keane has been consistently linked with one of the four independent positions.

The FAI have requested €18 million to deal with immediate liabilities in order to remain a going concern.



You might like