Lisburn Distillery awarded Domestic Club Licence

In line with the current UEFA, Domestic and Championship Club Licensing Manuals, applicant clubs were assessed in five key areas, namely: Sporting, Infrastructure/Safety, Personnel & Administration, Legal and Financial.

The IFA Head of Club Licensing and Facilities, David McVeigh commented:”It is very clear to me that the most significant and pressing challenges to clubs are those of a fiscal nature. During this last season we have seen an understandably aggressive approach from HMRC in relation to aged debt. Our challenge, and that of the clubs, remains reducing the aged creditors’ position on the balance sheet and managing day to day cash-flow”.

Mr McVeigh continued, “With the implementation of the Salary Cost Protocol we hope to control core costs with a view to creating surpluses which can be directed to these aged creditors and, in parallel, help clubs build internal capacity in order to understand more fully the financial management and discipline necessary to successfully manage and sustain a club as a business”.