The Drogheda thread - budget being revised

[blackholesun]

Reported in todays mail that Drogheda face another revenue wind-up order if a tax bill is not cleared in the short term. It was claimed that half the amount had been paid recently but the revenue want the remainder cleared asap.

bhs

[Acornvilla]

and here was me thinking the league colud'nt look much worse? i'm sure it cant be that much money thou.. i taught the drogs were back on their feet?

[Mr A]

Bloody hell. To be in trouble again so soon after examinership would be a feckin disgrace.

Also it seems unlikely that DUFC could have a tax clearance cert is this is true.

[Acornvilla]

so whats the chances theyl be relegated now aswell if they dont cough up pretty quick? i'm sure all this will impact on their lisence application and whatnot.. there'll be no teams left soon!

[tiktok]

Really sorry to hear that, if it's true.

They seemed to cut their cloth after examinership and I know a lot of the guys up there were putting in a huge amount of work to get the Claret and Blue club off the ground. They had a decent enough season on the pitch too, considering where they were at this stage last year.

Everyone has been looking at galway, but maybe Drogs are the reason Bray and Shels were reportedly told to get their Premier licences ready. Apparently Cobh have been told to get their first division licence sorted too.

One thing is for sure, there are going to be many twists and turns in the weeks to come.

[Hairy Bowsie]

2 things. Firstly, with the FAI now placing so much emphasis on tax clearance certs, with regards to giving licences, have the revenue been keeping track of that and played a very smart, trump card? Or is it just coincidence?

Secondly, i'm in no way suprised by this revelation.

[John83]

If you're just joining us, this is not a repeat from 2008.

[pineapple stu]

Also it seems unlikely that DUFC could have a tax clearance cert is this is true.

You'd imagine they'd have budget problems too, which would lead to problems signing players.

There were enough rumblings out of Drogheda towards the end of last season too (Hoey saying that finishing teh season out was their immediate priority); you'd imagine there's no smoke without fire and all that.

[Fr Damo]

.

Also it seems unlikely that DUFC could have a tax clearance cert is this is true.

Would agree.

Maybe this is just way too OT but does Alan Mathews not have a duty of care to himself and the club as a Financial Advisor/Banker, albeit I know he is not employed in that capacity with drogs. You'd imagine he'd see this sort of thing coming?? After all his budget (playing staff and exp) would be the single biggest expenditure item.

Feel really sorry for the fans on this.

[shep]

You'd imagine they'd have budget problems too, which would lead to problems signing players.

There were enough rumblings out of Drogheda towards the end of last season too (Hoey saying that finishing teh season out was their immediate priority); you'd imagine there's no smoke without fire and all that.

They trumped our wage offer(though that wouldnt be hard according to reports) for Michael Daly recently by offering 600 per week part time.If this is true then is it any wonder they are in trouble?? Also whatever Sean Connolly goes near seems to end in disaster so was his departure the sign that all was not well.

[pineapple stu]

Maybe this is just way too OT but does Alan Mathews not have a duty of care to himself and the club as a Financial Advisor/Banker, albeit I know he is not employed in that capacity with drogs. You'd imagine he'd see this sort of thing coming?? After all his budget (playing staff and exp) would be the single biggest expenditure item.

Bit harsh, I think. He's given a budget and - we'll assume - kept within it. There's no reason that he'd know the entire club budget, and whether the wage budget was reasonable. If he asked questions, you could easily lie about what the shirt sponsorship was worth, for example.

What does this mean for Drogheda and the 65% rule?

[chatterbox]

They trumped our wage offer(though that wouldnt be hard according to reports) for Michael Daly recently by offering 600 per week part time.If this is true then is it any wonder they are in trouble?? Also whatever Sean Connolly goes near seems to end in disaster so was his departure the sign that all was not well.

Thats not true. When we offered Daly a contract it was the only offer on the table for him. He agreed to accept and when Dundalk offered him terms he couldn't take it because he had already accepted Drogs offer.

Connolly wanted the budget increased for this year. He didn't get it.

Tbh I'm absolutely furious about this. It was well known (and possible announced IIRC) to the fans that we had a debt built up at the end of last year. They were very vague even then about how it would be cleared. Obviously it wasn't. I doubt very much that the FAI knew about this because AFAIK nobody in Drogheda knew (apart from certain people in the club). I'm very sure that heads will roll over this farce. The more I think about it the angrier I get...

[pineapple stu]

If this is true, at what stage does Hoey get lynched?

[shep]

Thats not true. When we offered Daly a contract it was the only offer on the table for him. He agreed to accept and when Dundalk offered him terms he couldn't take it because he had already accepted Drogs offer.

Connolly wanted the budget increased for this year. He didn't get it.

Tbh I'm absolutely furious about this. It was well known (and possible announced IIRC) to the fans that we had a debt built up at the end of last year. They were very vague even then about how it would be cleared. Obviously it wasn't. I doubt very much that the FAI knew about this because AFAIK nobody in Drogheda knew (apart from certain people in the club). I'm very sure that heads will roll over this farce. The more I think about it the angrier I get...

Apologies Chatterbox...u are right that Daly had not recieved a proper offer from us and felt messed about...however the figure quoted is correct,and was a warning signal that someone was losing the run of themselves in terms of wages being offered.

Is Daly signed and sealed at this stage???

[Mr A]

A Drogheda forum post indicates this has also been on LMFM and that a club meeting has been called for tonight.

[Longfordian]

Wonder how much it is? I know Revenue are making no allowances for anyone these days . You won't get a TCC if you owe them money doubly so if your track record is poor. Looks like they'll have to get it paid before the 30th.

[pineapple stu]

E50k and since paid, according to a poster on the Drogs forum.

Though if it's paid, it seems strange to arrange a meeting so quickly.

[Longfordian]

If it is paid they probably want to placate any angry members.

[tiktok]

Though if it's paid, it seems strange to arrange a meeting so quickly.

Maybe they're going mole hunting?

[chatterbox]

If this is true, at what stage does Hoey get lynched?

I'd be truly shocked if this is what has happened. I can't believe it would have come to this already. Apparently its already been cleared and the revenue didn't mention anything about a winding up order. Sensationalist journalism?