While I agree with you that clubs are ultimately responsible for the mess they're in, there's lots of clubs insolvent according to their most recent accounts, and the FAI have done nothing about it (as far as I can see anyway). Clubs are supposed to capitalise directors' loans, and this hasn't been done. They've not found cunning ways around it; they've just ignored the FAI. I'd blame the FAI for not enforcing their rules, which sound great on paper or in posts like that.
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