And so we have avoided a doomsday scenario for Irish football. It had been flagged up that a rescue package was on the cards.
Today, some nine days out from a General Election, the Government announced it will double its funding and give the FAI an interest-free loan of €2.5 million annually for the next three years as part of a refinancing arrangement to help save the organisation.
UEFA and Bank of Ireland will also contribute.
Sport Ireland funding has been restored and will double from €2.9m to €5.8m a year until 2023.
A sum of €800,000 of that will go towards the development of the men's and women's domestic leagues.
FAI Interim Deputy CEO Niall Quinn signalled today's developments as a new dawn for the FAI, a chance to reset and look ahead with some positivity.
Speaking to RTÉ Soccer Correspondent, Tony O'Donoghue, he said: "It was amazing to see it all come together because three weeks ago when Roy Barrett (Independent Chairman) started the process we couldn't envisage then that football would get the chance it has been given now to thrive and prosper.
"This, after coming out of a catastrophic previous regime. I'm so excited for all of the stakeholders, particularly those who live for football and love football.
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"We have a chance now to move forward and show Ireland exactly the value of and the power of football. So much has now been unlocked; we have a re-building of the brand and a re-building of the game in a way that can only be positive given so may negative things that are out there in young people's culture today."
"I don't want to sound over excited but as my wife said to me this morning you haven't been like this since you were a player"
"We are now in a situation where we can thrive and prosper, and not just survive. The positives are certainly coming back to the association.
"We want to let people know that football creates great standards and that in time we will have a great association.
"I don't want to sound over excited but as my wife said to me this morning you haven't been like this since you were a player."
When asked about what exactly UEFA and Bank of Ireland are bringing to the table, Quinn did not go into specifics.
"From their own wishes, they have asked us not to reveal their input into this but I can tell you it has been absolutely significant," he added.
"They really came to the table and we are very grateful to them."