FAI Chief Executive John Delaney has alleged that Derry City Football Club has withheld details of payments to players over a period of years.
Financial statements shown to RTÉ indicate that over 20 Derry City players held dual contracts.
The figures allege that over €337,000 in payments to players may not have been disclosed in accounts submitted to the FAI.
And Delaney has stated that, in the circumstances, the club would not be awarded its prize money for finishing fourth in the league.
He also called for a clear-out of the current Derry City board and announced that players had until next Thursday to give full financial information about their pay to the FAI or the Player's Union.
Should they fail to do this, Delaney says that they will not be registered to play with any club here or abroad next season.
When contacted for comment tonight Derry City FC Chairman Pat McDaid said: 'No such allegation has ever been put to Derry City Football Club at any stage including Saturday's hearing. We await to hear the full details of any allegation before commenting further.'
- Sport At Seven: Listen to RTÉ Soccer Correspondent Tony O'Donoghue and BBC Foyle's Richie Kelly discuss the latest developments in Derry City with the Sport At Seven team.
- Six One News: FAI Chief Executive John Delaney has alleged that Derry City Football Club has withheld details of payments to players over a period of years. Watch Tony O'Donoghue's report on the latest developments.
