Was the FAI payment to Dundalk to cover wages / revenue out of funds due from uefa or is it an advance of future potential winnings?
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Was the FAI payment to Dundalk to cover wages / revenue out of funds due from uefa or is it an advance of future potential winnings?
Quote:
Originally Posted by nigel-harps1954
Quote:
Originally Posted by oriel
On one of the Dundalk podcasts, journalist from local paper said something about a PFAI emergency fund that's available which the players were told would be used to cover wages if neededQuote:
Originally Posted by Knocklyonhoop
Seems Ainscough is not putting any more money in. The supporters club 1903 paid for the bus to Waterford last night and I'd imagine they paid for food after the game too
So genuine question but would that be considered Dundalk paying the wages? My assumption was that the PFAI emergency fund is something paid into by players as part of their dues/membership fee/whatever it's called of their trade union and the union would then be giving them money from it to pay their bills. i.e. Dundalk still wouldn't have paid them. I can't imagine a trade union stepping in to pay wages for what is essentially an absentee owner so the players would get some money from the fund but Dundalk/Ainscough/New Owner would still be on the hook for back wages.Quote:
Originally Posted by dundalkfc10
They did, they had a post up last night, some hotel with a sign on the table, enjoy the food, the 1903 (it was pre match meal, these things prob cost €500)Quote:
Originally Posted by dundalkfc10
Ainscough is nothing less than a gangster, allowing / leaving it up to the governing body pay his employees and a fan group look after away day match expenses, he's still uncontactable in Boston.
Kerry FC had a lucky escape
A grim state of affairs painted by Stephen McGuinness here. He reckons Dundalk could go out of business within the next few weeks, despite recent optimism from elsewhere on the potential new ownership situation
https://www.lmfm.ie/news/sport/dunda...ks-pfai-chief/
Seems a bit dramatic given there are no winding up petitions out there (as yet). Obviously not a good situation right now but they can limp along for a while yet.
Apparently they’re haemorrhaging close to €20k per month cash wise. With 3 home games left unless there is sponsorship cash due, they need either an investor or it’s SCARP or examinership. Why would anyone invest before either of these happening?
Word around the town today is Ainscough has started liquidation whatever that entails and be a statement in the next few day or 2
Sad times
Heard he is fling for Bankruptcy tomorrow in the States.
Has to be a serious knock on effect for DFC and no idea how this will effect a sale, if the club just stops, goes into liquidation and pulls out, seems its on that road now, desperate stuff.
How the **** was a guy with finances that bad ever allowed to take over not one but two clubs. The FAI have an awful lot to answer for here too.
I'd be shocked if dundalk aren't proper up by the FAI no matter what happens for 1 month to finish the season rather than have to feck the league table up
Message to everyone in the FAI: Keep a lookout for blokes approaching with a can of petrol in their hands.
I really hope for Dundalks sake they dont go with all the history they have. Think the Dundalk board have a lot to answer with all the money from 2016 onwards going astray. Stephen McGuinness is an ex Dundalk player so would have his fingers on the pulse. If Dundalk go the FAI will have to bear the blame!
Not a hope of that happening IMO. The FAI haven’t a pot to **** in at the moment and their recent cutbacks are set to include canning their own emerging talent programmeQuote:
Originally Posted by sbgawa
Quote:
Originally Posted by Martinho II
People keep talking about 2016 money, it was 6m, but after charter planes (that SK insisted on for all group games) and hotels, bonus payments etc, it was down to 3.1m, all that did was to fund 2 more leagues (18 and 19) and a cup win in 2020. a new pitch costs 700k, YDC re-fit was 500k, and 500k o/s council planning fees had to be paid, so there was nothing left.
2020 EL group stage, another story, when Stat Sports led takeover happened Nov 2021, there was 2.1m left from P6 part 2, they didn't spend a cent, just ran that down and accumulated debt.
Disgraceful how it all happened and worse no ground improvements, but the money 'going astray' is not correct, it was just spent, no rainy day fund was the concern, but too many owners and avg lifespan of 2 years meant no planning.
Terribly sad how it has all ended.
Are we done done?
Aye, read that after my post. Still not filling me with confidence. Fingers crossed.
An absolute gob****e Sligo rovers supporter Dylan Kearns is the clown behind all the rumours today.
That statement was obviously very necessary with the rumours but the part about the next 24 hours being crucial to survival does give the vibe that there is impending doom. This has to be the quickest turnaround from new owner/fresh start to missing payments and going bust. Even Bray lasted longer and spawned one of the better lines with comparing Wicklow to North Korea.Quote:
Originally Posted by oriel
John Fallon seems to have had a couple of exclusives re: Dundalk this season and he's subsequently posted a story that indicates the club are more likely to be wound up than rescued. Hopefully something miraculous can occur in the next 24 hours.
Hard not to feel extremely bitter.
Assume if they did go under another team would just reform in division 1 next season?
Very difficult to get everything organised in time for licensing for next year. Maybe the following year might be doable.Quote:
Originally Posted by Nah Nah Nah Nah
We did it very quickly, though we had plenty of political backing, and John Delaney publicly announced after meeting the mayor that we'd have a team in the league the next year.Quote:
Originally Posted by Longfordian
If someone or some group were able to get themselves organised, it's entirely possible.
Club spends money it can't generate..finishes higher or European place...costs genuine clubs positions and managers jobs...eventually **** hits the fan and league in chaos...absolute ****show....I called it here months ago they needed to accept they're not big anymore...didn't go down well
As stated above, hard to see them getting all the licensing stuff sorted in such a short space, not to mention the question of Oriel Park, would the pitch in it's current state even receive a FD license. It's absolutely sickeningQuote:
Originally Posted by Nah Nah Nah Nah
Good point, even for Dundalk in its current guise to receive a licence to play at Oriel next season, I believe a new pitch and floodlight work has to be completed before next season. They were given the ok for a government grant for those works I believe but if the club is wound up I’d imagine any new club that the supporters set up would have to apply separately for another grant. A total mess of a situationQuote:
Originally Posted by outspoken
While I do feel bad for the fans, to a degree, it's possibly the biggest example of gross negligence in the running of an LOI club I can think if. About €10m in european prize money over a few seasons and it's hard to see exactly what infrastructure projects were undertaken to push the club forward in a sustainable manner. From my brief research, it seems money was spent on the YDC in 2010, pre the european run, and then a new pitch was installed in 2017 replacing the old pitch (good job btw, Oriel now has a notoriously amazing pitch that receives many plaudits) and some more money was spent in 2019 upgrading the YDC again. The total cost of those two projects cost about €800k. So approximately 8% of a huge windfall was spent of infrastructure while Oriel Park remains an absolute disgrace. I hope the government spend their windfall a little better than Dundalk spent theirs.
Why so many transfers in July? Why not try sell a few players? Why the contract extension for Horgan?
I honestly can't see any investor in their right mind put any money at all in to this dumpster fire. Hopefully the club can reform and rebuild. It's a shame it's happened to Dundalk because of their rich LOI history but I hope this serves as a cautionary tale for other LOI clubs thinking of outside investment.
I see here, only 360k is needed to keep the club afloat for the season. The players (very soundly) are willing to write off two weeks wages brining the total down to 320k.
https://www.irishmirror.ie/sport/soc...paign=sharebar
Give the Mary Wallopers a bell, beg them to do a gig for free (ala Johnny Logan for Bohs) charge 100 quid a ticket and go from there.
Surely if they do die the league has to accept the phoenix club into div 1? The club will eventually come back but I’d say the 1903 will garner enough support to have a d1 club. It’s not like there’s a queue of clubs to fill,the void. And the whole pyramid is stronger with Dundalk in.
but why would an “investor” take on 2m of Debt rather than let the club die and take for nothing?
https://www.irishtimes.com/sport/soc...medium=twitterQuote:
Originally Posted by ger121
Your answer is there,they didn’t even bother checking due to a “loophole “,another episode from the FAI of the laughing stock genre……
I'm open to correction but I think the deadlines are earlier now. The licences were announced in November last year.Quote:
Originally Posted by brendy_éire
Shamrock Rovers B/2/Reserves may be getting a call
Plenty of people delighted Dundalk is gone.
It's what happened with Cork, Derry, Wexford and Waterford. One of the bigger joke elements in the LoI. Get your debt written off and all you have to do is take a year or two in the First Division (which was probably coming your way anyway) and accept a three-year Euro ban.Quote:
Originally Posted by Knocklyonhoop
I can't see them going to the wall quite that quickly though. It's in nobody's interest; it's a sure-fire way of not being paid
Hmmm. The Mirror seem to disagree anyway. Prize money already paid tooQuote:
Originally Posted by pineapple stu
Quote:
Dundalk FC could cease to exist by 5pm today, unless a white knight rides in to save the 121-year-old club. But the likelihood of that happening is growing slimmer by the hour
I don't think so. But there will be little sympathy for a club who buried its head in the sand, especially after they had to 'save the club' in 2013. No lessons were learned.Quote:
Originally Posted by Kiki Balboa
Your sanctimonious nature is really having a field day. "No lessons were learned" like you are some kind of messiah.Quote:
Originally Posted by redobit
Anyways, Dundalk was never a moneybags story. It's playing budget since 2021 was nothing out of the ordinary for LOI - and even under Kenny, it had a lot of part time players.
People vastly overestimate what you can do with a couple of million in football. It quickly goes, and all that you are left with vultures. As said, a bit of money went into infrastructure, especially the YDC.
Dundalk has punched well above its weight in football for a while, and some people are just delighted to have them gone. Especially Sligo fans for some reason.
Dundalk, for me, was genuinely one of the most special places to be on Friday night - and now it seems to have been taken away.
Makes myself question my own attitude to other clubs going like Limerick and Cork. But I guess that is lessons learnt.
Hardly sanctimonious to say your club was in this situation before, had a lucky escape & good turn of fortune and did very little to safeguard against this happening again. Don't need to be mystic meg to see that this was a possibility with the amount of ownership change in recent years and BA's knee jerk decision to buy the club while jumping ship from another project. The speed at which it has happened is the only real surprise here. I would've thought you would make it to at least July next year.Quote:
Originally Posted by Kiki Balboa