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FAI Considers New Debt Strategy After Draining Cash Reserves To Pay Legacy Debt

FAI debt now stands at €43.2 million euro.

The FAI are considering an alternative debt strategy after using €9.3 million euro of their cash reserves to pay off legacy debt.

It left the association’s cash balance to the end of 2023 at just €1.6 million.

FAI debt now stands at €43.2 million euro.

For the second year running they recorded a budget surplus of €3.5 million, but thanks to an €8.3 million increase in turnover.
 

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