The IRFU have confirmed that they have no interest in acquiring the FAI's share in the Aviva Stadium as the financial troubles of the soccer body mount.
The FAI, which is in the midst of a financial crisis, this week requested a financial rescue package of €18million from the government which was flatly rejected.
The soccer body still carries a debt of €29m on the stadium and there had been speculation that the IRFU could take over this debt in return for the FAI's stake.
Officials from the IRFU today met with the Department of Transport, Tourism and Sport to discuss "the operations of New Stadium DAC" – the joint venture between the IRFU and the FAI which owns and controls the Dublin stadium.
In a statement the IRFU confirmed that they will continue to liaise with the DTTAS in relation to the on-going operations of the stadium company but insisted that they had no interest in taking on the FAI's share in the Aviva Stadium.
'The IRFU's investment program is centered firmly on the development of rugby at all levels and all available funds are fully committed to that program," they added.
New Stadium DAC is 42.5% owned by the FAI, with 57.5% owned by the IRFU. Both sporting bodies have two people each on the company's board of directors.
We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences
