FAI promise to close ownership ‘loophole’ with Dundalk, as club has 1 million debt [Video]

THE FAI ADMIT they must address a “loophole” in their background checks on LOI club owners with today “critical” as to the continued existence of Dundalk. 

Dundalk have debts of more than €1 million, with owner Brian Ainscough, seeking to offload the club he took over in December last year.

Hopes of finding a new owner to maintain the club’s viability took a hit over the weekend, with a group led by American investor Jeffrey Saunders withdrawing their interest. Dundalk must now find a saviour by 5pm today or likely face the worst.

In a statement released on Sunday night, the club said Monday is “critical” to the club’s future and said Ainscough was in discussions with different groups, both domestically and overseas. 

Were Dundalk to go into liquidation, it would have a profound effect on the wider Premier Division: were their results to be expunged, Derry City would leapfrog …