THE FAI ended 2015 owing a whopping €50million.

But they have since managed to wipe €10m off their stadium mortgage by refinancing the debt.

Details of the FAI’s accounts were made available to delegates yesterday ahead of the AGM in Tipperary on July 30.

Turnover rose from €38m to €46m due mainly to the five home qualifiers – including the play-off when Martin O’Neill guided his side past Bosnia — along Ireland’s route to Euro 2016.

Bumper attendances for the matches against Poland, Scotland, Germany, Georgia and Bosnia-Herzegovina drove revenues.

The €8m spike in match-day income was also helped by the friendly with England in May 2015.

Despite earning €11m from their jaunt to France, 2016 will not generate anything like the same gate receipts.

Ireland have just one competitive home game to come this year, against Georgia in October.

Salary costs within the association rocketed by 30 per cent.

Chief executive John Delaney is still on an annual wage of €360,000.

The FAI aim to be debt-free by 2020 and it remains to be seen how much cash is lost to Irish football by then through interest payments.

Another €5.2m was forked out in bank and other charges over the 12 months. This brings the total cost of servicing the loans to €27m since Lansdowne Road was reopened in 2010.