Rugby · Ireland
FAI and IRFU must pay stadium bond
Friday, 19 August 2005 08:28The IRFU and the FAI have been told by the Government to come up with a bond of ¤20million if the redevelopment of the Lansdowne Road stadium is to go ahead as planned with government funding.
The bond would be required upfront to protect the Government investment in the event that the project does not go ahead or if Lansdowne Road is sold off.
The FAI and the IRFU have met and it is understood that the bond would be evenly divided meaning a contribution of ¤10million each.
The issue will be discussed at the meeting of the FAI national council, which will be held tomorrow.
