Delaney, who was moved to a newly-created role of executive vice-president just 24 days ago after it was first reported he provided the FAI with a 100,000 euro loan in 2017, faced criticism, including from Ireland's prime minister, for refusing to answer questions about the funds in front of a parliamentary committee.
"John Delaney has offered to voluntarily step aside from carrying out his role as Executive Vice-President with immediate effect pending the completion of an independent investigation by the association into issues of concern to the board," the FAI said in a statement. Following the meeting, two of the FAI's main sponsors, sportswear manufacturer New Balance and mobile phone operator Three, called on the FAI to quickly implement recommendations from reports it has commissioned into its corporate governance.
Source: Loan Digest (loandigest.net)
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