Details of a refinancing arrangement for the Football Association of Ireland involving the Government, UEFA and the Bank of Ireland are due to be announced today.

With debts of €62m, the FAI need an immediate cash injection if they are to continue to trade.

The three main stakeholders, the bank, UEFA and Government, have been working behind the scenes to complete a deal that will see the FAI remain as a going concern.

The football body, which has recently been the subject of a number of audits and investigations into its financial affairs, warned that it could not continue to pay the wages of over 200 staff if an immediate bailout of €18m was not forthcoming.

The FAI has debts of €62m, but State finance has been suspended since last April after details emerged of a €100,000 loan by then-CEO John Delaney to the association.

UEFA has been supporting the FAI with advance payment of television revenue and the Bank of Ireland has also been involved in the refinancing of the Aviva Stadium debt.

RTÉ understands an agreement has been reached between the various stakeholders.

Details are expected to be revealed at the Department of Transport, Tourism and Sport later this afternoon.