View Full Version : The Drogheda thread - budget being revised
> Drogheda's budget contains an income item of E100k from fundraising. This seems reasonable, in fairness, although there's not much of a safety net if the target isn't met.
My impression was that this is extra fundraising, rather than the total fundraising.
Celdrog
27/01/2010, 10:03 PM
Total fundraising, not additional
Total fundraising, not additional
Well fair play to ye if ye can get the full amount. I just hope that ye don't fall considerably short and it backfires.
Total fundraising, not additional
Sure that's nearly there with just the claret and blue club, so I'll withdraw and accept it's realistic.
Ezeikial
28/01/2010, 12:33 PM
According to Roisin Phillips in this Drogheda Indo article immediately before Christmas Drogheda Utd were basing their budget on €125k coming from the Claret and Blue club. At that stage, they were running 60k short and indications are that there has been little movement since.
Perhaps there could to be "developments" in relation to the Harris, O'Connor and Daly "signings"
http://www.drogheda-independent.ie/sport/soccer/drogs-facing-another-financial-crisis-1986446.html
By Marcus CAVAROLI
Wednesday December 23 2009
SERIOUS cost-cutting measures will have to be taken at Drogheda United in the coming days – unless a substantial increase in financial support for the club is forthcoming.
That's the stark warning from Roisin Phillips who, along with Jim Agnew, is effectively running the club on a voluntary basis following the sacking of general manager Sean Connolly last week.
Drogheda United had planned to run with a budget of around e260,000 next season – similar to the figure for 2009 – and the sum was based on half that amount coming from the Claret and Blue Club.
However, membership of that fund-raising group, which is set to take control of Drogheda United in 12 months' time, is only running at 265, well short of the 500 target. With each member paying e250 a year, the total raised to date is e66,250 – leaving a shortfall of nearly e60,000.
SeanDrog
28/01/2010, 1:01 PM
Thanks fr posting up that article, interesting read.
Yeah I think we have a few more members /subscritpions (some -people have 2) so its around 270 (ish) but still far short of the (IMO) impossible figure of 500 members by Christmas 09. So thats a shortfall of lets say you 60K. Then I am sure that other bills have been identified over Christams as they new guys are getting to grips with the reality and lets assume that the 40k which would bring it up to 100K additonal needed for 2010 in fundraising.
In terms of the players clearly ordinary supporters dont know the details so we cant communicate it, but all I can communciate is that Roisin and Phillip are doing a great job and I seriously doubt they are spending cash we havent budgetted for. The rumour is that Connelly went because they wouldn't increase the budget (now thats the story I heard, nothing more than that).
We have extremely dedicated people now involved who were brought to the fore through their fight to save the club in examinership, no better guardians of the purse strings and may I say without trying to be sexist, I am glad we have a women involved as I think when it comes to football men can be blinded from reality and this explains some of the difficulty of clubs and overspending.
Up sh*t creek again according to local radio....may not even get 1st division licence according to some reports.
Ezeikial
08/02/2010, 12:41 PM
Up sh*t creek again according to local radio....may not even get 1st division licence according to some reports.
If the LMFM radio reports are even partially true, the situation seems extremely serious.
Perhaps there could to be "developments" in relation to the Harris, O'Connor and Daly "signings"
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Perhaps holding on to these three "signings" could be the least of the problems, although spending about €2,000 out of a proposed €5,000 budget on three players never made much sense.
passerrby
08/02/2010, 1:07 PM
Up sh*t creek again according to local radio....may not even get 1st division licence according to some reports.
what was said on radio
what was said on radio
Basically that there was no money at the club and players have been asked to renogotiate deals that are agreed for coming season.
Rumours in Oriel yesterday that Michael Daly will be lining out for us against Shels on tuesday
Longfordian
08/02/2010, 1:18 PM
Drogs have issued a press release, from Drogs forum
Press release:
Further to recent speculation in media circles, the board of Drogheda United FC is in budgetary discussions and hopes to have its 2010 budget finalised within the coming days.
Sounds like they're cutting the budget alright.
Everythings fine, nothing to see here, move along...
danthesaint
08/02/2010, 1:30 PM
wtf are they bidding high wages for players (jamie harris and Gareth O'Connor) if they are in the sh1ts financially.... do they ever learn.
i do hope they pull true, i like drogheda as a club, would be a shame if they go bust.
Longfordian
08/02/2010, 1:34 PM
They probably gave Alan Mathews a budget to spend, which he was doing then the FAI wouldn't pass it. There's also something on the Drogs board about the FAI seeking a guarantee from the directors of any possible losses. As far as I know every club has had to give this but it seems to be causing a particular problem for Drogs.
total hoofball
08/02/2010, 1:48 PM
no smoke without fire and all that....
it was telling that Drogheda have been the only club not to officially announce any signings over this window
how on earth could they offer more than Pats for Kenna, McNally, Harris and O'Connor when Pats' reduced wage bill for this season is 10k and Drog's wage bill last season was 7k~?
after the examinership fiasco of last year whoever is in charge of that club now should be shot
no smoke without fire and all that....
it was telling that Drogheda have been the only club not to officially announce any signings over this window
how on earth could they offer more than Pats for Kenna, McNally, Harris and O'Connor when Pats' reduced wage bill for this season is 10k and Drog's wage bill last season was 7k~?
after the examinership fiasco of last year whoever is in charge of that club now should be shot
Clubs can announce signings all they like, means nothing until a budget has been passed and agreed with the Fai. Look at the Chris Turner situation, his signing was announced, didn't mean a thing. Have any budgets actually been passed?I heard ours was but could have been bull.
As far as I know, Drogs budget is the same as ours - 10k. Seems like this is going to have to slashed though going on all the reports. What hapened to the club being a "fans club"?I'd be very annoyed if there were rumours about our future like the ones surrounding them and all we got was that pitiful one line statement.
Hope they pull through though. Don't want Fitz back.
D.24saint
08/02/2010, 2:43 PM
The leinster cup match on wednesday v Pats is off after drogs pulled out, things must be bad up there?
marinobohs
08/02/2010, 3:00 PM
no smoke without fire and all that....
it was telling that Drogheda have been the only club not to officially announce any signings over this window
how on earth could they offer more than Pats for Kenna, McNally, Harris and O'Connor when Pats' reduced wage bill for this season is 10k and Drog's wage bill last season was 7k~?
after the examinership fiasco of last year whoever is in charge of that club now should be shot
......... well they did get advice from shams;). hope the situation is not as bad as some fear, the last thing the League needs is another club in trouble. Agree though that expenditure should have been very conservative after last season.
and their game on wednesday has been postponed
total hoofball
08/02/2010, 3:15 PM
Clubs can announce signings all they like, means nothing until a budget has been passed and agreed with the Fai. Look at the Chris Turner situation, his signing was announced, didn't mean a thing. Have any budgets actually been passed?I heard ours was but could have been bull.
As far as I know, Drogs budget is the same as ours - 10k. Seems like this is going to have to slashed though going on all the reports. What hapened to the club being a "fans club"?I'd be very annoyed if there were rumours about our future like the ones surrounding them and all we got was that pitiful one line statement.
Hope they pull through though. Don't want Fitz back.
Christ, so they've planned to increase their budget by 25% this season based solely on the Claret and Blue funds fully materialising and not taking into account unspectacular attendances and a deep recession that is only going to get worse. Insanity.
I know signings are not the worth the paper until the FAI stamps its approval but unlike the Turner situation which was a personal change of heart there are players who have agreed contracts and wages with Drogheda who are going to get swindled here
Drogheda need to be thrown into the First Division like they should have been last season to get their house in order because like Cork it appears they've learned nothing from examinership and are screwing their players and fans about with reckless budgeting.
total hoofball
08/02/2010, 3:19 PM
and their game on wednesday has been postponed
will they be thrown out of LSC now?
total hoofball
08/02/2010, 3:24 PM
......... well they did get advice from shams;). hope the situation is not as bad as some fear, the last thing the League needs is another club in trouble. Agree though that expenditure should have been very conservative after last season.
well in fairness to Galway, Pats and Dundalk they are all cutting their cloth this season, if thats 3 less clubs not facing the risk of hitting the wall then that can only be a good thing for the league.
pineapple stu
08/02/2010, 3:24 PM
That's very early for an LSC game, no? Any reason for that other than just to get it out of the way?
Christ, so they've planned to increase their budget by 25% this season based solely on the Claret and Blue funds fully materialising and not taking into account unspectacular attendances and a deep recession that is only going to get worse. Insanity.
I know signings are not the worth the paper until the FAI stamps its approval but unlike the Turner situation which was a personal change of heart there are players who have agreed contracts and wages with Drogheda who are going to get swindled here
Drogheda need to be thrown into the First Division like they should have been last season to get their house in order because like Cork it appears they've learned nothing from examinership and are screwing their players and fans about with reckless budgeting.
Untwist your knickers there! Their budget was 10k last season too. No increase.
I'm just guessing here but i'd imagine that no contracts were signed with players at all. So they're hardly being swindled. Apologies but i never have any sympathy for players so im going to be biased in this one.
I agree with you though. First division may be best. Cant understand how they seem to be in constant difficulty in comparison to other clubs?Their internal structure must be an absolute mess.
danthesaint
08/02/2010, 3:30 PM
will they be thrown out of LSC now?
togo are replacing them :D
marinobohs
08/02/2010, 3:31 PM
well in fairness to Galway, Pats and Dundalk they are all cutting their cloth this season, if thats 3 less clubs not facing the risk of hitting the wall then that can only be a good thing for the league.
True, but the idea behind the licencing protocols was to ensure ALL clubs remained viable with appropriate business plans. Incidentally I think questions have already been asked about Galway expenditure post Connor appointment so hope we are not talking 2 less clubs.
It certainly does nothing for the League when the main topic of discussion is matters off the field and provides ammunitition for the bar stool LOI slaggers.
total hoofball
08/02/2010, 3:46 PM
togo are replacing them :D
St. Pats home to Togo?
don't think the Togolese would like that, Inchicore isn't any safer than Angola ;)
total hoofball
08/02/2010, 3:53 PM
Untwist your knickers there! Their budget was 10k last season too. No increase.
I'm just guessing here but i'd imagine that no contracts were signed with players at all. So they're hardly being swindled. Apologies but i never have any sympathy for players so im going to be biased in this one.
I read last year their budget was 7k~. Anyway I'm not usually the biggest sympathiser for LOI players myself but respect and professionalism goes two ways, if Drogheda have offered Player A €650 a week, signed the contract and now a few weeks later due to their unrealistic budget have to say to Player A take €350 a week or leave it as far as I'm concerened they are swindling the players
passerrby
08/02/2010, 3:55 PM
Untwist your knickers there! Their budget was 10k last season too. No increase.
I'm just guessing here but i'd imagine that no contracts were signed with players at all. So they're hardly being swindled. Apologies but i never have any sympathy for players so im going to be biased in this one.
I agree with you though. First division may be best. Cant understand how they seem to be in constant difficulty in comparison to other clubs?Their internal structure must be an absolute mess.
still chasing a bloody dream ,10 k if that is correct is silly money for drogs to be spending
wtf are they bidding high wages for players (jamie harris and Gareth O'Connor) if they are in the sh1ts financially.... do they ever learn.
i do hope they pull true, i like drogheda as a club, would be a shame if they go bust.
I also hope they survive, we need the two big gates, last season over 3,000 attended the first game and just under for the second, Im sure Drogs too would be glad of our home games.
Makes no sense anyone gloating over another teams downfall, you`re only as strong as your weakest..............
I read last year their budget was 7k~. Anyway I'm not usually the biggest sympathiser for LOI players myself but respect and professionalism goes two ways, if Drogheda have offered Player A €650 a week, signed the contract and now a few weeks later due to their unrealistic budget have to say to Player A take €350 a week or leave it as far as I'm concerened they are swindling the players
No players have signed contracts according to the people in charge. The situation that you described happened in Dundalk last season at the mid way point. After signing players they then asked them to reduce their wages. I can see how that would be frustrating for a player I suppose. Still, would i rather a club survives by cutting a previously agreed wage or would i rather the player got an extra couple of hundred a week and a club folded at the end of the season?easy winner.
Passerrby - 10k is probably the minimum required to stay in the division. We've cut to that this year and i expect us to struggle. Afaik, Bray were the only team with a lesser budget last season. Agree though, for a mickey mouse venture like a LOI club, it's a ridiculous amount.
pineapple stu
08/02/2010, 4:28 PM
Passerrby - 10k is probably the minimum required to stay in the division.
You reckon? We'll be on E3k a week this year, I think. Let's see how it goes, I suppose...
Thought Galway were going to be on less than E10k too, and maybe one or two others (Drogs, Cork/Bray)
Doomofman
08/02/2010, 4:31 PM
I think we're going to either be under or in and around 10k...
That's very early for an LSC game, no? Any reason for that other than just to get it out of the way?
We play Linfield in the Setanta Cup on the original scheduled weekend
True, but the idea behind the licencing protocols was to ensure ALL clubs remained viable with appropriate business plans. Incidentally I think questions have already been asked about Galway expenditure post Connor appointment so hope we are not talking 2 less clubs.
It certainly does nothing for the League when the main topic of discussion is matters off the field and provides ammunitition for the bar stool LOI slaggers.
I dont where your getting your info.Our Budget was less than €6,500 last year and has been cut further this year and ours will be less than Quarter of your own clubs for this season so you should start looking closer to home for fairy stories.
weecountyman
09/02/2010, 6:40 AM
Very worrying what Des Cahill has just said on morning Ireland. Are Drogheda really in such a bad state or is this just another poor pr thing? After all the work to get the club into some sort of shape this is horrible.
blackholesun
09/02/2010, 8:34 AM
Why cant they just go amateur or close to it this season and only pay players 100 quid a week each?
Get in the best young local 18 year olds / LSL players and let them get on with it, yeah they will struggle and probably be relegated but so what? Only for Derry going bang they might well have been relegated last season with a much higher wage bill!
bhs
Martinho II
09/02/2010, 9:33 AM
The leinster cup match on wednesday v Pats is off after drogs pulled out, things must be bad up there?
does that mean that Drogs pulled out of the LSC or has the match simply being deferred?
does that mean that Drogs pulled out of the LSC or has the match simply being deferred?
It'd be massively unfair to put them out of it, after all there are lots of clubs still having issues with their budgets and the FAI.
Martinho II
09/02/2010, 9:49 AM
It'd be massively unfair to put them out of it, after all there are lots of clubs still having issues with their budgets and the FAI.
thats a fair enough point mr a!
Captain2007
09/02/2010, 10:09 AM
What's the point in supporting this League anymore,I was lucky enough to play 14 very enjoyable seasons without any interuptions of clubs going to the wall etc..Why don't clubs get in to the real world and just cut their cloth to their measure and if that means going amateur or paying €50 - €100 to players per week so be it! 4 weeks to kick-off and my club does,nt even know what division it will be playing in........ rant over.
Passerrby - 10k is probably the minimum required to stay in the division.
If it is, it's only because other clubs are overstretching themselves. Bray would've been more competitive if other clubs weren't spending money they don't have.
It'd be massively unfair to put them out of it, after all there are lots of clubs still having issues with their budgets and the FAI.
Are other clubs failing to fulfill fixtures? Even if there are some contentious signings, they must have enough players to field a team, surely?
D.24saint
09/02/2010, 10:14 AM
Things must be grim just heard Connor Kenna has signed for Pats this is a bad sign for Drogs as I wouldnt have thought he would have been a huge earner.
centre mid
09/02/2010, 10:37 AM
Drogheda Utd have called a public meeting tonight so things may become clearer in the morning.
chatterbox
09/02/2010, 10:50 AM
screwing their players and fans about with reckless budgeting.
+1 on that. No one seems to have any answers and all this news has come out of nowhere as far as I'm concerned. I'm just glad that the budget has been rejected and we can sort this out now rather than later.
White Horse
09/02/2010, 10:54 AM
ie. another appeal to fans to cough up more money to bail out directors who are incapable of running a chip shop never mind a football club.
D.24saint
09/02/2010, 11:42 AM
Mathews in crunch talks with board over budget
By Neil Ahern
Tuesday February 09 2010
DROGHEDA United boss Alan Mathews last night held crunch talks with the club's board over their 2010 budget amid reports that the club are so cash-strapped they may be unable to fulfil criteria for a League of Ireland Premier Division licence.
Local reports over the weekend painted a grim picture of the Boynesiders' finances and fresh doubts emerged over the budget Mathews would be afforded for the coming season, having already agreed proposed deals with a host of new players, including Gareth O'Connor and Jamie Harris.
The uncertainty has resulted in the postponement of a Leinster Senior Cup fixture against St Patrick's Athletic, originally fixed for tomorrow night, at the request of the Louth outfit.
But, speaking last night, club chairman Jim McArdle was confident they would have a satisfactory budget ready this morning to be approved by the FAI.
"We had a playing budget (set before Christmas) that we would have liked to have gone with, but couldn't under the circumstances in the new year," he said.
"The only casualty is the match arranged on Wednesday. We have no players registered and the FAI will not accept the registration of players until the budget is approved.
"We expect to receive a licence for the Premier Division but the manager has to be happy with the playing budget he gets and the board have to be happy."
- Neil Ahern
Irish Independent
Ezeikial
09/02/2010, 12:09 PM
Passerrby - 10k is probably the minimum required to stay in the division. We've cut to that this year and i expect us to struggle.
If that is the case then there will only be four teams staying in the division - Bohemians, Shamrock Rovers, Sporting Fingal are obviously well ahead of that budget. Pats are probably the fourth highest if they are actually on 10k a week, ahead of Dundalk and Sligo.
UCD, Galway, and Drogheda (assuming they make the starting line) are all likely to be well under €5000 (Cork or Bray is anyones guess!).
Ezeikial
09/02/2010, 12:12 PM
Things must be grim just heard Connor Kenna has signed for Pats this is a bad sign for Drogs as I wouldnt have thought he would have been a huge earner.
He wont be the only one bailing out today - and you can expect more to follow in the days ahead
Dodge
09/02/2010, 12:18 PM
Pats are probably the fourth highest if they are actually on 10k a week
Its a good deal less this year according to most accounts
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