FAI financial troubles and taxpayer funding

I didn't know whether to put a question mark at the end of the title and apologise if this has been done before, only I was following the story of the Association's debts, repayments, the Vantage club, resignation of Director of Finance and the general difficulties in the Irish financial system, and just wonder is anybody surprised or have anything to add on it. I'm sure we all know about the CEO's business background and are not surprised that another company is on the ropes, but does anyone know just how difficult the trouble is? Also I caught just a minute of David McWilliams on the radio and he made some remark about sporting associations being in dire need of government bailout, he specifically named the FAI.