Casement Park was nominated as a host venue for football’s 2028 European Championships.

However, with the costs rising to an estimated £400m to meet Uefa criteria and just £120m secured between the Northern Ireland Executive, Irish Government and the GAA, the UK Government opted against making up the shortfall, resulting Belfast being removed as a host city.

The GAA has since indicted the cost for a lower spec stadium stands at an approximately £260m with the UK Government pledging £50m, which still leaves approximately £90m to be secured.

Although the minister outlined his desire to see the stadium built, he said he is unsure whether the GAA will “compromise” to reduce the costs further, but said discussions will remain “ongoing”.

“The Euros was a factor that would have affected the build that could have been in place,” the minister added.

“That is now off the table and makes it a bit cheaper by taking out the extras that would have been there for the football tournament,” he said.

Lyons said there are a number of potential options that “could be on the table”.

“I don’t think we have a final view from the GAA as to what exactly it is they are looking for or willing to compromise on in order to get something that starts to move in to something that could be affordable, but those conversations will be ongoing,” he concluded.

Ulster GAA were contacted for comment.