Football Association of Ireland
Statement
November 9, 2007
The Football Association of Ireland wishes to clarify several issues that have arisen in relation to the financial package on offer to the finalists in the 2007 FAI Ford Cup Final.
At a meeting in Portmarnock on Wednesday, October 10, between the FAI and representatives of the four semi-finalists – Bohemians, Cork City, Longford Town and UCD - the financial package for the finalists was outlined in detail and accepted by the clubs.
The FAI proposed that the winner of the competition would be guaranteed a minimum payment of €100,000 and the runners-up a minimum payment of €75,000. It was explained that this sum would cover prize-money, TV revenue and a share of the surplus with the FAI making up the shortfall, if any, to guarantee the agreed payment.
These guaranteed payments represent a substantial increase on the monies paid to the 2006 finalists where the winners received €45,000 in prize money and television revenue and the runners-up got €39,000.
The two clubs also shared a €37,000 gate surplus.
The FAI completely refutes any suggestion that it is in breach of the rules of the competition and is expressly disappointed at the actions of the Cork City Board on this matter.
ENDS
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