If people just read the page and a half intro to the chapter "Financial Criteria" (pp 79-80) in the FAI Club Licensing Manual 2007, it gives an overview of the financial requirements of clubs.
The two key points in this are:
(in section 9.1)
UEFA's financial concept is based on the following principles:
• Regardless of its legal structure, the Licence Applicant must prepare Financial Statements based on the local legislation for incorporated companies.
These Financial Statements must be audited according to local auditing standards.
(in section 9.2)
A Licence will not be granted in the following instances:
• If the Licence Applicant has failed to submit full annual statutory accounts pursuant to the Companies' Acts, 1963 to 2001, and in accordance with Irish accounting standards (regardless of the legal structure of the Licence Applicant) to the FAI Club Licensing Department before the FAI Submission Date or the extended deadline for the submission of financial documentation (see Section 4.3) (FIN 1.01).
So, all clubs must submit accounts to the FAI by the various deadlines.
But companies must submit accounts to the Companies Registration Office. As said by a previous poster, it would be stupid of a club to submit accounts to the FAI but not submit those same accounts to the CRO!
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