Examiner finds concentration of risk in former FAI kit supplier JACC ‘unwise’

Directors of Trade Tower Finance Ireland and Deal Partners Logistics should have applied tighter risk management controls, examiner’s report states

Callum Robinson celebrates after scoring Ireland’s first goal against Malta during an international friendly match last November. Picture: Sportsfile

A finance firm’s decision to concentrate investment in the former kit supplier of the Football Association of Ireland (FAI) was “at best unwise and could be characterised as irresponsible”, an examiner’s report has found.

Trade Tower Finance Ireland Limited (TTFI) and Deal Partners Logistics (DPL), its subsidiary, are being reviewed by an examiner after the High Court heard that investors were owed more than €13 million in outstanding loan note repayments.

The companies, which share ...