{"id":2604,"date":"2018-07-31T08:21:41","date_gmt":"2018-07-31T13:21:41","guid":{"rendered":"http:\/\/irishexaminerusa.com\/wp\/?p=2604"},"modified":"2018-07-31T08:21:41","modified_gmt":"2018-07-31T13:21:41","slug":"fai-takes-responsibility-for-last-resort-fund","status":"publish","type":"post","link":"https:\/\/irishexaminerusa.com\/wp\/?p=2604","title":{"rendered":"FAI TAkes Responsibility for ‘Last Resort Fund’"},"content":{"rendered":"

\"\"The FAI is to fully finance the ‘last resort’ fund for League of Ireland clubs who run into financial difficulty.<\/p>\n

Irish football’s governing body proposed last week that a fund worth \u20ac300,000 be set up to help clubs who are struggling to meet ‘contractual obligations to professional players.’<\/p>\n

The FAI had proposed that the money be funded in equal shares between FAI and the PFAI (Professional Footballers’ Association of Ireland).<\/p>\n

However, the PFAI reacted to the announcement angrily saying they had not been consulted on the issue.<\/p>\n

The players’ body did welcome the concept saying “it will assist greatly in alleviating the sort of issues that have bedeviled the league in the last few weeks.”<\/p>\n

RT\u00c9’s Soccer Republic broke the news last night that the FAI have now decided to pay for the fund in full.<\/p>\n

If a club avails of the fund they will be penalized. Sanctions will include a six-point deduction and a player registration ban.<\/p>\n

The fund came about after Bray Wanderers and Limerick FC had failed to pay players their wages.<\/p>\n

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