FAI and O’Byrne agree terms

The FAI and Bernard O’Byrne have agreed the terms of the former chief executive’s voluntary retirement package.

O’Byrne retired from his post last week following meetings that addressed an internal report into his alleged misuse of an FAI credit card.

The FAI has refused to release details of the package. Last week media reports claimed the retirement deal could involve up to £200,000.

In a joint statement released this afternoon the FAI thanked O’Byrne for his work at the FAI and his "efforts and commitment" since his appointment in 1996.

In the statement O’Byrne expressed his regret at stepping down from a job he had "largely enjoyed" and explained he was now "looking forward to new challenges and a more normal lifestyle".

O’Byrne’s retirement took effect from May 1st.