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oriel
06/06/2020, 1:22 AM
It can't go on forever and the cash reserves will reduce but unlike Shelbourne for one example, this loss (big) is not going to debt, its being paid from cash at bank. Reducing, unles P6 pick it up, which they might.

Regardless its still a big loss but P6 obviously see this as a good (cheap) investment, as mad as this sounds, one more round progression (if via CL route) and it can be worth not far below 1m per round, and possibly up to EL play off round might be worth 3.5m.

Big loss yes, but fine margins, you still need to have a huge panel to perform at this level, DFC also have a new signing Colovic from the Serbia who hasn't kicked a league ball yet, but exactly the type you need to perform at this level.

Hopefully if this guy is as good as Adjoran, half of 2017, scored important winner v Cork, but never played in Europe, recalled to Italy, this is the quality you need to progress, again fine margins, lose v Bratislava = next year loss, win possible profit, fine margins.

Nesta99
06/06/2020, 1:55 AM
All clubs who apply for a UEFA Licence must publish their accounts on their website as part of achieving the licence.

Do national associations have to do the same? Accounts published dont always reflect the reality, Derry not so long ago being an example and there are other examples also. I doubt any Dundalk fan is comfortable with the figures published but it doesnt mean that things are terminal for the club. We are more than capable for getting through a couple of rounds in Europe which would cover losses. Doesnt make it easy or sensible but it is what it is. There seems to be a sense of people queuing up waiting for Dundalk FC to become a casualty of financial russian roulette. Not at all within the spirit of showing that the game here is worth investing in. I've enjoyed things in recent seasons and will continue to do so with confidence in the owners committment!

trevy
06/06/2020, 7:30 AM
Any talk in Dundalk about Alan Reynolds going there as assistant manager? There's been a lot of speculation here that he is in line for that job. Waterford are in a bit of a mess at the moment so no one is blaming him if he does go. He was very unhappy at the way the staff were laid off by email a few months ago. Informed sources say Lee Power wants to sell up and is not interested in funding the club to play for the rest of the season. Who would want to buy a club now?

D24Saint
06/06/2020, 9:41 AM
Any talk in Dundalk about Alan Reynolds going there as assistant manager? There's been a lot of speculation here that he is in line for that job. Waterford are in a bit of a mess at the moment so no one is blaming him if he does go. He was very unhappy at the way the staff were laid off by email a few months ago. Informed sources say Lee Power wants to sell up and is not interested in funding the club to play for the rest of the season. Who would want to buy a club now?

If anyone walks away from any of our clubs now they should have the courage to pull the plug themselves. If an owner withdraws funding in the current circumstances it’s a death sentence for a club. The FAI proposals are depressing at best they want clubs to pay players for a glorified kick about and want fans to pay for the pleasure of watching it’s a awful idea.

Mr_Parker
06/06/2020, 9:54 AM
Do national associations have to do the same? Accounts published dont always reflect the reality, Derry not so long ago being an example and there are other examples also. I doubt any Dundalk fan is comfortable with the figures published but it doesnt mean that things are terminal for the club. We are more than capable for getting through a couple of rounds in Europe which would cover losses. Doesnt make it easy or sensible but it is what it is. There seems to be a sense of people queuing up waiting for Dundalk FC to become a casualty of financial russian roulette. Not at all within the spirit of showing that the game here is worth investing in. I've enjoyed things in recent seasons and will continue to do so with confidence in the owners committment!
No, national association's don't have to publish on their website. But clubs as members should get a copy. I guess too, that they are lodged with whatever the southern equivalent of Companies House??

EalingGreen
06/06/2020, 1:04 PM
We are more than capable for getting through a couple of rounds in Europe which would cover losses. Tbf, you're also capable of going out first time - just takes an unlucky draw or a bad refereeing decision etc.

It reminds me of Liverpool back in the day when they were winning all round them, both England and Europe. They always budgeted for 21 home league games and one home European tie (you could always get drawn away in the opening leg of the FA and Lge Cups and get eliminated).

Anything over and above that was a bonus, and if it lead to a profit at the end of the season, they generally invested it in new players for the following season, to avoid paying tax on it.

Contrast that with Leeds Utd in the days of Ridsdale and O'Leary etc, when their whole financial model was built on Champions League money. They got to the CL Semi's in 2000/01, then the UEFA Cup the following two seasons (exited in Rds. 4 and 3), then got relegated to the Championship in 2003/04, where they've stayed ever since.

And they're the "Champions of Europe" in perpetuity!

Nesta99
06/06/2020, 2:04 PM
Of course, and is the sensible way of looking at any prizemoney. It is more a trying to be glass half full in thinking as seeing cash reserves demolished isnt so comfortable. But P6 could be fully true to their committment as they have stated previously.

oriel
06/06/2020, 3:30 PM
Any talk in Dundalk about Alan Reynolds going there as assistant manager? There's been a lot of speculation here that he is in line for that job. Waterford are in a bit of a mess at the moment so no one is blaming him if he does go. He was very unhappy at the way the staff were laid off by email a few months ago. Informed sources say Lee Power wants to sell up and is not interested in funding the club to play for the rest of the season. Who would want to buy a club now?

Yes two local media sources saying this could be confirmed next week. Dundalk also agreed compensation of €40k with FAI for Higgins moving out, so looks like Reynolds will be replacing Higgins role, officially called 'Assistant Manager' but I think the role is day to day coaching.

Until VP get his badges confirmed, possibly held back due to C-19, he will remain as Head Coach and John Gill as manager but everyone knows VP is no 1, seems Gill is happy to stay for as long as they need his services and is happy to help out. His role was important though to assist VP settle in, first year, has good exp.

I think Reynolds would be a very good appointment, seems to be a first class coach.

Sorry for the scene with Waterford though, Lee Power hasn't covered himself in glory.

Ezeikial
06/06/2020, 5:06 PM
DFC also have a new signing Colovic from the Serbia who hasn't kicked a league ball yet, but exactly the type you need to perform at this level.


Perhaps you are thinking of Nathan Oduwa who was signed the week the league was suspended and hasn't played yet as a consequence.

Stefan Colovic made his league debut for Dundalk when he came on for the last 20 minutes against Finn Harps in the last league match. He look promising and struck the post in that 4-0 win.

It will be interesting to see if Colovic or Oduwa can displace any of Michael Duffy, Daniel Kelly or John Mountney

Martinho II
06/06/2020, 6:11 PM
Yes two local media sources saying this could be confirmed next week. Dundalk also agreed compensation of €40k with FAI for Higgins moving out, so looks like Reynolds will be replacing Higgins role, officially called 'Assistant Manager' but I think the role is day to day coaching.

Until VP get his badges confirmed, possibly held back due to C-19, he will remain as Head Coach and John Gill as manager but everyone knows VP is no 1, seems Gill is happy to stay for as long as they need his services and is happy to help out. His role was important though to assist VP settle in, first year, has good exp.

I think Reynolds would be a very good appointment, seems to be a first class coach.

Sorry for the scene with Waterford though, Lee Power hasn't covered himself in glory.

Power was a disgrace for investing under cover that he loved Waterford as he had family ties. Was he lying all along I wonder? The other club hes investing in the UK is he cutting back on to on that?

EalingGreen
06/06/2020, 7:03 PM
Power was a disgrace for investing under cover that he loved Waterford as he had family ties. Was he lying all along I wonder? The other club hes investing in the UK is he cutting back on to on that?

Hmmm. He was claiming on 18 May that with this virus interruption etc, as many as 30-40% of Lge One and Two clubs might not make it through to next season:
https://www.bbc.co.uk/sport/football/52706893
Which if pessimistic, is not completely impossible, I suppose.

In any case, it will have nothing to do with this from 20 May, oh no, nothing at all:
"Swindon chairman Lee Power has told a court that the club could go into administration as he failed to overturn an injunction preventing its sale.

Power told the High Court that he cannot afford to cover the League Two side's losses.

He said an American-based company called Able are willing to buy the Robins for £7.5m.

But the court heard two men who own part of the club had not been consulted and had concerns over the sale."
https://www.bbc.co.uk/sport/football/52737205

And I'm sure there's a perfectly good explanation for this little misunderstanding which was aired in court the following day:
"Claims former England midfielder Gareth Barry invested £800,000 into Swindon Town in 2013 are being looked into by the Football Association.

The allegations were revealed in a High Court judgement involving the League Two club's chairman, Lee Power, who said West Bromwich Albion's Barry provided the money.

Power also said Barry, who was at Manchester City at the time, did not own any shares but was "entitled to 50% of profits" from any increase in the club's value, and from certain player sales.

According to the judge, Barry said "categorically" he was not an investor and did not have an agreement with Power, but instead lent money to his agent, Michael Standing, to fund the acquisition of the club.

Under FA regulations, agents are not allowed to own clubs because of potential conflicts of interest."
https://www.bbc.co.uk/sport/football/52763312

So there you have it:
Lee Power, football club owner, former football agent and friend of John Delaney, can surely be relied upon as a man of total integrity, especially when it comes to money matters. :good:

EalingGreen
06/06/2020, 7:30 PM
And then there's this little gem, involving some more money resting in Power's account:

The Andrew Black Incident

Mr Matt Richie is a Scottish international footballer and played for the Club until he was sold in January 2013 (before the acquisition) to AFC Bournemouth. He was then sold on in July 2016 to Newcastle United FC and this triggered a payment to the Club of £1.85 million under the terms upon which he had been sold to AFC Bournemouth. On Mr Standing's version of the agreement, the £1.85 million was "surplus" funds and should have been split equally between him and Mr Power.
However, Mr Standing says that he was told by Mr Power that the former owner, Mr Black, who had the debenture covering his £2 million loan to the Club, was seeking repayment of the loan from the monies received in respect of the transfer of Mr Richie. This was a surprise to Mr Standing as he thought that Mr Black would only be repaid on a sale of the Club. Nevertheless, he accepted Mr Power's explanation and he even provided a further £75,000 in order to clear completely, as he was led to believe, Mr Black's loan (that was half the difference between £2m and £1.85m). That meant that rather than receiving c.£925,000 from the on-sale of Mr Richie, he paid £75,000 more to the Club to repay Mr Black's loan.
In mid-2019 however, Mr Standing discovered that Mr Black had not been repaid his loan and the debenture still existed. This was confirmed by Mr Black's accountant and does not appear to be disputed by Mr Power. No explanation has been provided by Mr Power as to why he said one thing and did another and the strong suspicion is that those monies were paid to Mr Power not the Club. That would be consistent with what Mr Power says in paragraph 48 of his Defence that he:
"…agreed a compromise under which he offered to give credit to Gareth Barry for half of the 'sell-on' fee in respect of Matt Richie when it came to discharging the debenture with Black/Arbib[2] which Gareth Barry [sic] against the amount for which Gareth Barry would otherwise have been liable as set out in paragraph 11(ii) above."
The discovery that Mr Power had not paid Mr Black out of the proceeds of the on-sale of Mr Richie was of serious concern to Mr Standing.

The above was taken at random from a "Court Cases" thread on a Swindon Town fans' forum, opened on May 19th:
https://thetownend.com/index.php?topic=58223.0

It's already 38 pages, and it's only one thread of many in 'The Boardroom' section.

I'd guess Waterford fans of a sensitive or nervous disposition might be advised not to go near it.

oriel
06/06/2020, 10:30 PM
Perhaps you are thinking of Nathan Oduwa who was signed the week the league was suspended and hasn't played yet as a consequence.

Stefan Colovic made his league debut for Dundalk when he came on for the last 20 minutes against Finn Harps in the last league match. He look promising and struck the post in that 4-0 win.

It will be interesting to see if Colovic or Oduwa can displace any of Michael Duffy, Daniel Kelly or John Mountney

Yes sir, I stand corrected, Colovic did indeed make his debut in Donegal and almost scored ! I forgot about Oduwa !

oriel
06/06/2020, 10:35 PM
Power was a disgrace for investing under cover that he loved Waterford as he had family ties. Was he lying all along I wonder? The other club hes investing in the UK is he cutting back on to on that?

Look its a tough one on Waterford, same for any club when a main investor pulls out. Also from my LOI hat I was disappointed to see how it ended. I think he should have sought more concrete guarantees though on if they were 100% confirmed for EL after finishing 4th, other than Delaney's - sure you will be grand lads...……

That was probably the start of the end, when they missed out on the 250k and who knows with a fortunate draw could have been two rounds, and more cash - they had a decent side at that stage, maybe not that experienced for Europe, but as much as it was of course a massive gain for Pats, still a massive kick in the xxxxx for Waterford when it was pulled.

I was down once during this period and the place was hopping, both stands sold out, Waterford actually beat DFC that night, but the horrible focus that evening was the awful injury that Stephen O'Donnell got and the massive hold up on the game. After that the result was such less of a priority or concern.

I still think about that night, the crowd must have been close to 4k, and the loads of folk talking about the game later that night in the pubs, real shame this couldn't have been built on, but maybe they can do it again, one thing for sure, we only had 300 or so at the game, was a huge turnout locally. So the interest is there.

trevy
07/06/2020, 6:57 AM
Yes that was a great night. There was a real buzz around the place then with huge crowds at games.
The situation at Swindon that Ealing Green posted about is concerning. A guy who runs the Blues supporters Facebook page has been posting up links to what's been happening there with the court cases and financial problems.
That along with not being allowed play in Europe last year and of course the shutdown of football due to Covid 19 adds up to 3 major issues that are hitting Waterford.

Martinho II
07/06/2020, 4:50 PM
Yes that was a great night. There was a real buzz around the place then with huge crowds at games.
The situation at Swindon that Ealing Green posted about is concerning. A guy who runs the Blues supporters Facebook page has been posting up links to what's been happening there with the court cases and financial problems.
That along with not being allowed play in Europe last year and of course the shutdown of football due to Covid 19 adds up to 3 major issues that are hitting Waterford.

Hopefully ye can get your issues sorted out as I dont want ye to do a Limerick and always liked my visits down South and have great memories of matches v us from down there and up in Longford! Ye have being bridesmaids for so long and its a pity it hasnt worked out. When Hendo was in charge of ye I thought ye were going to go from strength to strength and yet it never happened at all!

EalingGreen
07/06/2020, 6:33 PM
That was probably the start of the end, when they missed out on the 250k and who knows with a fortunate draw could have been two rounds, and more cash - they had a decent side at that stage, maybe not that experienced for Europe... ... still a massive kick in the xxxxx for Waterford when it was pulled.

Not unreasonable, except that in the event of such a scenario materialising, that's still only half the battle.

The second half is ensuring that the profit from eg a European run goes back into the club, rather than into the account, say, of the majority shareholder.

If one were of a cynical disposition - perish the thought - one might imagine that outside investors generally only become involved with football clubs like Waterford when they see an opportunity of making a profit from them, and then only until the profit runs out (or fails to accrue at all), at which point they will run out, too.

Not that Mr. Power would ever behave like that. Oh no, not at all. Never.

And in any case, even if someone were so inclined, he/she would still have to get past the LOI's stringent vetting, accounting and reporting procedures which, as we all know, are watertight.

DCSIL
07/06/2020, 8:50 PM
Hopefully ye can get your issues sorted out as I dont want ye to do a Limerick and always liked my visits down South and have great memories of matches v us from down there and up in Longford! Ye have being bridesmaids for so long and its a pity it hasnt worked out. When Hendo was in charge of ye I thought ye were going to go from strength to strength and yet it never happened at all!

Waterford is one of my favourite away trips, was down when Derry lost to Shane Griffin's rocket. Hopefully they pull through, along with everyone else.

EatYerGreens
07/06/2020, 9:10 PM
Any talk in Dundalk about Alan Reynolds going there as assistant manager? There's been a lot of speculation here that he is in line for that job. Waterford are in a bit of a mess at the moment so no one is blaming him if he does go. He was very unhappy at the way the staff were laid off by email a few months ago. Informed sources say Lee Power wants to sell up and is not interested in funding the club to play for the rest of the season. Who would want to buy a club now?

Lee Power is not at Waterford for the right reasons. It seems that he's only there because he fell for the John Delaney schtick, including the phantom European place.

Whether it's now or not, it's only a matter of time before he cuts and runs. Waterford fans could do with setting up a Supporters Trust, if they haven't already got one.

D24Saint
08/06/2020, 1:19 PM
https://www.rte.ie/sport/soccer/2020/0607/1145979-hurdles-remain-in-place-ahead-of-loi-return-oconnor/

Where are Shelbourne getting the cash to cover their wages. AFAIK they have to pay out the 70% then claim it back from the government.

oriel
08/06/2020, 4:38 PM
Waterford is one of my favourite away trips, was down when Derry lost to Shane Griffin's rocket. Hopefully they pull through, along with everyone else.

Agreed, last time we went we stayed over, lovely walk back* into the city after the game, friendly folk too in the bars, and the rezzie bar of course in the hotel, forget what was it was called, but it was close to the closed down? Alfie Hale bar and overlooked the river.

*Of course no time to walk to the game, that is always last pint and a taxi job !

Sligo is next on our stay over list, we did Derry twice last year - excellent spot also.

oriel
08/06/2020, 4:39 PM
https://www.rte.ie/sport/soccer/2020/0607/1145979-hurdles-remain-in-place-ahead-of-loi-return-oconnor/

Where are Shelbourne getting the cash to cover their wages. AFAIK they have to pay out the 70% then claim it back from the government.

Was thinking exact same thing myself when I read this.

And for the record, I think P6 / DFC should have only paid out 80% wages, it would have sent out a better message, hash tag we are all in this together etc, definitely up until today, first day back training.

D24Saint
08/06/2020, 5:54 PM
Waterford is one of my favourite away trips, was down when Derry lost to Shane Griffin's rocket. Hopefully they pull through, along with everyone else.

Always have a great time down there , a few pints and a bla for breakfast fantastic.

DCSIL
10/06/2020, 7:44 AM
Agreed, last time we went we stayed over, lovely walk back* into the city after the game, friendly folk too in the bars, and the rezzie bar of course in the hotel, forget what was it was called, but it was close to the closed down? Alfie Hale bar and overlooked the river.

Viking Hotel?

D24Saint
11/06/2020, 10:57 AM
https://www.thesun.ie/sport/football/league-of-ireland/5528598/league-of-ireland-financial-proposal/

oriel
11/06/2020, 11:27 AM
Viking Hotel?

Had to look it up - Not that one - it was the Marina Hotel - lovely spot.

RathfarnhamHoop
16/06/2020, 11:41 AM
It got skimmed over here a bit but Harps and Drogs have both posted profits for last year. Small profits granted but profits none the less. Surely the business model they're following could be applied elsewhere. In the likes of Waterford, Cobh, Limerick, Athlone and eventually in areas that could really be helpful to the league to have a team. If they're generating profits sure why don't the FAI set up and run teams in areas like Kerry, Mayo, Monaghan, etc

redobit
16/06/2020, 1:37 PM
It got skimmed over here a bit but Harps and Drogs have both posted profits for last year. Small profits granted but profits none the less. Surely the business model they're following could be applied elsewhere. In the likes of Waterford, Cobh, Limerick, Athlone and eventually in areas that could really be helpful to the league to have a team. If they're generating profits sure why don't the FAI set up and run teams in areas like Kerry, Mayo, Monaghan, etc

Maybe Shamrock and Dundalk could have a look at the model too. Yes, some teams are making profits or breaking close to even for years now, but these teams are in a battle with clubs who are over spending on player wages and are accumulating debt year on year. Just to compete costs more and more and pushes teams to increase budgets which they get ridiculed for, yet others are adding up every season with little consequences. The licensing system needs overhauling.

Nesta99
16/06/2020, 1:38 PM
As ye mention Drogheda, I was dropping someone off at OLOL and there looks to have been a few changes to United Park with some machinery in the ground. The obvious change from the outside was that the steel frame for adverstiment hoarding behind the nothern goal has been removed. It currently wouldnt be too hard to hop that wall now and in to the ground albeit ye'd be on the pitch. Any drogs know what the story is or what other work could be happening?

Lim till i die
16/06/2020, 1:47 PM
It got skimmed over here a bit but Harps and Drogs have both posted profits for last year. Small profits granted but profits none the less.

How did they make profits?

Is the income and expenditure broken down anywhere?

I'm not being combative genuinely curious.

Because there's no way under the sun they made them doing the oul running an Irish football club.

If they're getting extra charitable donations (sorry "sponsorship") that's fair enough.

But I don't really think there's anything really to be learned from harps or especially drogheda.

RathfarnhamHoop
16/06/2020, 2:21 PM
Maybe Shamrock and Dundalk could have a look at the model too. Yes, some teams are making profits or breaking close to even for years now, but these teams are in a battle with clubs who are over spending on player wages and are accumulating debt year on year. Just to compete costs more and more and pushes teams to increase budgets which they get ridiculed for, yet others are adding up every season with little consequences. The licensing system needs overhauling.

You can't apply a one size fits all model which is why I name checked smaller regional clubs similar to the two making profits. Rovers and Dundalk are just at different stages as clubs to other clubs around, its not a good or a bad thing it's just the truth. Them doing what they're doing isn't damaging to the league, it's teams doing too much to try catch up that's damaging. The likes of Bohs for example didn't push themselves to catch up, it happened naturally because they set solid foundations and slowly added to them. Same with Sligo a couple years back and Cork until they over extended. Clubs in Ireland just seem to have this mentality that they must keep up with those at the top when they don't have to, if you build slowly but surely you'll get to your natural level. LOI clubs are just impatient and want it all now on shakey foundations rather than 5 years from now on solid ones.


How did they make profits?

Is the income and expenditure broken down anywhere?

I'm not being combative genuinely curious.

Because there's no way under the sun they made them doing the oul running an Irish football club.

If they're getting extra charitable donations (sorry "sponsorship") that's fair enough.

But I don't really think there's anything really to be learned from harps or especially drogheda.

I certainly haven't heard anything about any special "sponsorships" being involved in either club.

Ive not been Drogs biggest fan over the whole Rovers 2 stuff but there's no denying that they've increased community relations in recent years and got a good solid young first team on the park playing nice football without spending silly money. They're also covered in sponsors so there's that too.

nigel-harps1954
16/06/2020, 3:57 PM
Harps make a profit largely due to fundraising operations from supporters through the year. It's not a long term model to be copied by any stretch of the imagination. It's a struggle each year.

We made a profit just under €20,000 in 2019, on top of a profit of almost €17,000 from 2018.

There's no large donations, nothing huge to speak home about in terms of a single sponsorship either that I'm aware of. The good will of a lot of local businesses and great work by people within the club have us where we are.

People would also be well aware that Ollie Horgan works off a very small, very tight budget, so that's a help, and crowds were obviously up in 2019 due to Premier Division football, so every penny counts in that regard.

RathfarnhamHoop
16/06/2020, 4:19 PM
Harps make a profit largely due to fundraising operations from supporters through the year. It's not a long term model to be copied by any stretch of the imagination. It's a struggle each year.

We made a profit just under €20,000 in 2019, on top of a profit of almost €17,000 from 2018.

There's no large donations, nothing huge to speak home about in terms of a single sponsorship either that I'm aware of. The good will of a lot of local businesses and great work by people within the club have us where we are.

People would also be well aware that Ollie Horgan works off a very small, very tight budget, so that's a help, and crowds were obviously up in 2019 due to Premier Division football, so every penny counts in that regard.

The whole structure of the club that enables that good will from people to participate in fundraising or contribute and local businesses, that's what should be emulated by other clubs.

It's a good model to show to potential new clubs interested in joining the league just to show that it is sustainable to be one of the smaller clubs (no offence intended) in the league if done right.

Obviously Donegal is a bit sparse but punches above its weight in sports while Drogs get a good few from north Dublin so this would be possible to happen at these clubs and is probably what they're aiming for but if you're looking at the likes of Waterford if they followed that model and then happened upon a few gems in their quite large catchment area that could be the catalyst to grow from there, its basically the same model as sligo and they have their bursts of success and are relatively stable and you can't ask for much more really given the conditions of the LOI

The Lilywhites
16/06/2020, 4:37 PM
The Sligo Rovers treasurer seems to have plenty to say. He's in the media every few days. Where did he come out of?

pineapple stu
16/06/2020, 4:47 PM
He's been around for a while. He was one of the club consultants for the E5k 5-year-plans a few years back for example. Maybe he's just an easy contact for journalists?

The Lilywhites
16/06/2020, 4:58 PM
He's been around for a while. He was one of the club consultants for the E5k 5-year-plans a few years back for example. Maybe he's just an easy contact for journalists?

Had forgotten about them. They were at the start of 2017. Where did they ever end up? What a waste of time they were, which we all knew at the time!

pineapple stu
16/06/2020, 5:03 PM
Mid 2016 (though most were for the period 2017-2021).

It was a tokenistic crumb from Delaney, and I'm sure some were more realistic than others, but strategic plans are very important for businesses in general in fairness. I wouldn't be all that dismissive of the idea. It'd be no harm for clubs to be starting to look at their 2022-2026 plans now.

The Lilywhites
16/06/2020, 5:17 PM
Some clubs didn't have theirs completed until mid 2017, which probably says something about how serious they took it.

Agree on the idea, absolutely, you should have a long term plan, but that kind of forward thinking goes out the window in the LOI!

Yossarian
16/06/2020, 10:11 PM
Looks like Kelleher isn’t the only one unhappy with the ‘new’ FAI.

https://www.thesun.ie/sport/football/5550084/dundalk-owners-loan-fai-april-seven-figures/amp/

The Lilywhites
16/06/2020, 10:29 PM
Looks like Kelleher isn’t the only one unhappy with the ‘new’ FAI.

https://www.thesun.ie/sport/football/5550084/dundalk-owners-loan-fai-april-seven-figures/amp/

Sligo seem happy with the FAI.

"Gary Owens and Niall Quinn are doing great work trying to bring along a very dispirit group, all with their own interests. They are doing Trojan work trying to get us all there."

A quote from the Sligo treasurer on RTE.

EatYerGreens
09/11/2020, 4:35 PM
Anyone remember who does that analysis of the LOI team accounts every year ?

pineapple stu
09/11/2020, 4:58 PM
@chippie1974 or similar, isn't it?

EatYerGreens
10/11/2020, 1:24 PM
@chippie1974 or similar, isn't it?

Is there a link to the analysis every year somewhere ? Thanks.

Hitman
10/11/2020, 1:39 PM
Is there a link to the analysis every year somewhere ? Thanks.

https://mobile.twitter.com/chippie1974

https://leagueofirelandfinance.blogspot.com/?m=1

EatYerGreens
10/11/2020, 5:07 PM
https://mobile.twitter.com/chippie1974

https://leagueofirelandfinance.blogspot.com/?m=1

That site hasn't bene updated in 2 years though.

Has anyone a link to the last set of finances that were analysed ? Didn't one of the sites about the league do it ?