12 January, 2012

Banks pressurising GAA club officers:

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            GAA's Director of Finance Tom Ryan, has assured club officers that they will not come under personal pressure from banks regarding arrears on club loans and debts.
             Some clubs have claimed that their officers were warned by banks that they could be personally liable for debts.
             However, Ryan said that while club trustees might have signed a loan agreement, they were only doing so on behalf of the club and could not be held personally responsible.  
           "As long as everything has been done, club officials are indemnified," said Ryan.  Ryan was at pains to stress the latter point as individuals being liable for club loans would undoubtedly reduce the number of officers who would make themselves available for work within clubs.
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