On why the money was recorded as a loan, Masters said: “The young lad in the office made a mistake, I did not know anything about it until it was brought to my attention. It is actually a repayment of a loan. It was a mistake which is being suitably acknowledged,” Masters said.
The issue is reported to have caused divisions at a BFA National Executive Committee (NEC) meeting last week with some officials questioning why the money was recorded as a loan.