It's not a bailout we’re told. Even though it walks like a bailout and talks like a bailout.
Instead let’s call it a rescue package worth about €20 million with the restoration of grant aid to football which had been frozen since April last year.
Not only was that money restored but the figure was doubled from €2.9 million to €5.8 million per annum, a welcome and much needed boost.
Also a loan of €2.5 million, interest free, for three years secures the use of the Aviva Stadium as the money will be paid directly to the stadium company and not routed through the FAI.
To put that in some context, because the use of the Aviva Stadium has been secured, that guarantees that Euro 2020 goes ahead which means four games in Dublin.
Niall Quinn says that alone will bring €130 million into the local economy - and €30 million back to the exchequer in tax revenue - that’s a quid pro quo.
There’s no doubt there has been a radical reformation in Irish football, the most dramatic since the foundation of the State.
The FAI, particularly at board level, is unrecognisable from a year ago.
But the financial aid is conditional on all reforms being implemented. That may not have been as likely a few months ago when the FAI warned of the consequences of political interference. However under the new regime we are assured the reforms will be carried out to the letter.
But today’s bailout or rescue package is not without further consequence.
Just wait for other sports, be it rugby GAA or basketball to put their hand up and their hand out for more funding once the next government is in place. That’s parity of esteem.
RTÉ Sport's @corkToD reports from the Department of Sport on a day when a 'refinancing arrangement' was agreed to secure the future of the FAI. #rtesoccer pic.twitter.com/0VUFGf7lJC— RTÉ Sport (@RTEsport) January 30, 2020