The board of St Patrick's Athletic has advised the FAI of its intention to move from a full-time to part-time professional club from the start of next year.
In anticipation of a sharp fall in income and in light of the general market difficulties and the Association's rule on a 65% wage cap, the club is obliged to re-organise its financial structure.
Representatives of the club have met with the Professional Footballers Association of Ireland to establish a new basis on which to proceed.
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