Donal Conway is to step down as President of the Football Association of Ireland at an EGM on 25 January, the association has confirmed.

Conway was only re-elected as FAI president for a one-year term in July - an election that "disappointed" Minister for Sport Shane Ross at the time.

Conway was re-elected unopposed, with 134 votes in favour, five against, with one delegate abstaining at the FAI's AGM in Trim, despite calls from Ross and many other stakeholders that all board members connected with now-departed chief executive John Delaney should leave the embattled association to restore public trust.

In a statement, the FAI said only council members who have sat for two years at any stage can be nominated to succeed Conway.

"In accordance with FAI Rules, where a casual vacancy arises, the Board shall seek nominations for the vacant position, on such terms and subject to such conditions as it may consider appropriate and shall call an EGM within 30 days of the vacancy occurring to elect a replacement officer for the balance of the term of office remaining. The Association shall seek nominations after the 29th December for the position of President of the FAI.  

"Any person who is a serving member of Council and who has been a member of Council for two years, which service need not have been consecutive, shall be eligible to be elected as President of the FAI," continued the statement.

Conway, a former schoolteacher who sat on the board for almost the entire duration of Delaney's time in charge, had committed to leaving the role in the summer of 2020.

His departure has been announced at the end of another chaotic week for the FAI, with Paul Cooke installed as executive lead after the FAI's first choice as interim CEO, John Foley, decided against taking the position on Monday - the day he was due to take over from UEFA's Noel Mooney.

The FAI are expected to release their 2017 and 2018 accounts at a press conference in their Abbotstown HQ this afternoon, with insiders warning that the association's financial situation will be a shock.

Staff are reportedly braced for pay cuts or potentially job losses as the full financial picture becomes clear.

The governing body has been in turmoil since the revelation in March that Delaney had loaned the FAI €100,000.

In the wake of this revelation Delaney moved to an executive vice president role before taking leave and eventually resigning his post in September.

Sport Ireland are withholding funding from the FAI until such time as independent directors are installed to ensure good governance and the independent audit commissioned by Sport Ireland into the FAI accounts was last month referred to the Gardaí.

Conway's announcement comes just two days after sponsors Three Ireland announced they would not be extending their deal with the FAI beyond next summer.