FAI report bleak figures at AGM
Saturday, 21 August 2010 19:58
FAI President John Delaney has confirmed that only 6,000 Vantage Club tickets were sold for the new Aviva Stadium as a debt of €38million was revealed by the organisation.
The announcements were made at the FAI's Annual General Meeting in Wexford as Paddy McCaul was confirmed the new President of the body, replacing David Blood.
Delaney had targeted selling 10,000 of the ten year tickets but 4,000 remain unsold.
However, the FAI hope to have the debt on the Aviva Stadium cleared by 2020.
They also reported an operating surplus of €5.2 million for 2009.
Delaney's position as Chief Executive of the FAI was given a big endorsement by delegates at the meeting.
Delaney is on €420,000 a year and gave promises that all those tickets would be sold.
He failed, the FAI is now straddled with massive debts and they all bow down to Dear Leader.