UEFA are believed to be willing to supply funding to the FAI of up to €10m as the cash-strapped Association continues to deal with its crisis of governance.
SIPTU claimed yesterday that the FAI was on the brink of insolvency and that up to 200 jobs were at risk but the FAI denied that that was a possibility, President Donal Conway revealing that the European body had guaranteed funds to support its "continued viability".
The football body became engulfed in crisis in March, following the revelation of a €100,000 loan from the then CEO John Delaney to the Association in April 2017.
The Office of the Director of Corporate Enforcement is investigating the Association for failure to keep proper books and Sport Ireland have commissioned a full audit of the FAI's "fitness to handle public funds" after suspending state funding.
There are fears that the legal bill resulting from the recent turmoil could exceed €1m while the FAI's debt on reconstruction of the Aviva Stadium is understood to be in the region of €30m.
The Governance Review Group that has been established to try and reform the embattled organisation is expected to present a draft report next month to facilitate rule changes ahead of the Association’s AGM in Trim at the end of July.