Irish governing body's liabilities soar after accounts restated


FILE PHOTO: Football - Republic of Ireland - FAI Headquarters, National Sports Campus, Abbotstown, Ireland - 8/4/08 The logo for the Football Association of Ireland Mandatory Credit: Action Images / Henry Browne Livepic - MT1ACI4926391/File Photo

DUBLIN (Reuters) - The Football Association of Ireland's (FAI) auditors were unable to guarantee the governing body can continue as a going concern after an ordered restatement of its accounts reported on Friday increased its overall liability to 55 million euros ($60.62 million).

The FAI has been hit by a series of scandals since it acknowledged earlier this year that it had broken state funding rules by failing to tell authorities about a 100,000 euro short-term loan made to it by former chief executive John Delaney to deal with cash flow issues in 2017.

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