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Agree with this, a pretty alarming opening statement from a new owner that suggests they too don’t have the money to carry the club on long term. With no real good options though they keep the show on the road for Dundalk which is the main thing even if this crowd are only a stop gap solutionQuote:
Originally Posted by RealJohn91
I'll tell you in 2 years time :cool:Quote:
Originally Posted by Nesta99
I have no doubt but if its rubbish once will do;)Quote:
Originally Posted by EatYerGreens
Delighted that Dundalk will still be in loi till season end. No mention of BAs sanctions though?And agree that it is a weird statement to make from the new owner.
Not so sure it's "a proud day" for Dundalk as stated by the new guy but it keeps them alive anyway. Sounds like the other bidder will probably be getting involved down the line.
Wouldn't be keen on that statement, reads very much like a short term job.
At least they’re honest anyway,no snake oil salesman stuff like the previous owner,the hard work would appear to have to start now though…..Quote:
Originally Posted by 2 Year Contract
Their tweet before it about don’t worry etc hopefully doesn’t come back to haunt themQuote:
Originally Posted by kksaints
That pretty much sums up League of Ireland clubs in entirety, arguably 1st division amatuer clubs are more stable currently than most premier clubs. None are long term sustainable in its current guise without benefactors. Rovers might be an exception but still need European money to balance the books. Humility would also recognise that Derry would be doomed a long time ago and would be again without O'Doherty. It is pure luck that there is an exceptionally weathy businessman that is also a supporter who is willing to cover what would be very large losses. If he gets bored or pops off this world and his family lack his interest? St Pats the same. Waterford are potentially a court case from their ownership being sued, Comers propping up Galway. Bohs fans are not fickle but if they were to eternally be mid table? Up until Statsports ownership Dundalk were basically the same model ownership as others today so deacde of being built on sand and a lie? that was 2021 when they took over, 3 years ago? Most of Dundalk most recent succes was not under billionaire owners eg 2016. Its this kind of sweeping comment Ive challanged previously - humlity in to a fanbase, are you suggesting that all Dundalk fans are the same or indeed that there are not or wont be arrogant Derry fans. Tbh there are not enough Dundalk fans contributing on this website to get a sample beyond what 10 posters, do you profile by what you see on social media?Quote:
Originally Posted by EatYerGreens
While Im not saying all ok but Drogs v Cork mid 2000s and all the 6 finger cousins stuff, Bohs v Rovers as examples of bickering in the past on foot.ie. Sligo and Rovers and conduct in the Showgrounds, there are more, so hardly unique between Dundalk and Cork. What level of interaction is acceptable in a rivalry, I dont recall a whole lot of moderaton needed!?
Shels, Galway and Waterford the big winners out of today not worrying about expunged results anymore as this Dundalk takeover to prevent extinction going by their statement smacks of an expensive sticking plaster solution
What's the worst that could happen:):):)
Depend on who you are asking PC, if its all a hige success for yerself it'd be Dundalk winning league titles again:oQuote:
Originally Posted by placid casual
Obviously its to find out that a consortium of owners dont have the finances, that they are not banking on getting investors in as they go without having a minimum of being able to see out a season as per submitted licencing accounts. We are still scant on detail. I do feel hopeful after tonights supporters meeting in Oriel, that there is a common cause and a willingness to dig deep to both develop a rainy day fund and engage with the club on specific projects eg getting the YDC up to spec and functioning fully. Sligo was the example used in terms of the sort of amounts of money that should be a target. There seems to have been a considerable response from the business community of Dundalk so they will play a roll an id say there will be a upward trend in sponsorship type income. Finanicing full time positions to do what Bohs have done to grow support, connect with the community in general rather than just football outrech/coaching and growth not based on or fluctuate depending entirely on the teams performances is very doable. It has been a kick in the arse warning that maybe breaks the let someone else do it cycle. If we are here again at some stage and unprepared I will actively become a Shamrock Rovers....something as I will have absolutely given up all hope.
We can put the asterisk league win away for a other year thankfully.Quote:
Originally Posted by total hoofball
Best of luck Nesta. Honestly. Best of luck.Quote:
Originally Posted by Nesta99
Not sure of the full takeover details, but Dundalk cannot sit on their laurels. They need to go down a division, take the government funding promised and use it wisely while reducing the wage bill and keeping fans interested and engaged. The above will be hard for the club to do and for supporters to take. Today is a good day for them but their troubles are far from over. I'm de lighted to hear they survived.
To be fair, if I were a Dundalk fan, I'd take the short term fix over liquidation right about now.Quote:
Originally Posted by kksaints
This is good, 'need' to go down ? If Dundalk are relegated on the field, we will deserve to go down and on merit.Quote:
Originally Posted by Shinkicker
If debts are paid and all staff paid on time rest of season that's a start, its obvious the club needs to get better at admin and how its run, I don't think anyone is in celebration mode on any other level that the club is still alive.
Was there a 'need' for Bohs to go down a division in mid 10's during the last crisis, or was it better they competed in the PD and kept going?
https://media.tenor.com/TaZHgDy29bEA...if-serious.pngQuote:
Originally Posted by placid casual
But I shall take it!! You'd really miss us if we were gone PC!
You sound like you are crying into your wheetabixs as you type.Quote:
Originally Posted by EatYerGreens
Dont see why there is need to be relegated, if it happens it happens, as long as nothing is broken in an attempt to stay up 2025 or whenever. Premier Division = bigger crowds, more sponsorship, less travel costs but of course, outside chance of Europe even with some balance. Id see it as an opportunity to throw the gauntlet down to supporters as a fundraising target, if you want a competative side, keep being full time then get cracking on helping fund things. Another decade in the 1st Division if relegated could kill me nver mind the club!Quote:
Originally Posted by Shinkicker
I would hope the government funding is ring fenced for the pitch and lights like they applied forQuote:
Originally Posted by Shinkicker
It is but at least its now not having to come out of an owners pocket to gain a 2025 licence so in a round about way its a discount. There is more to run on this whole saga but squirelling away a SPG wont be part of it.
It's a grant that will be paid towards these items, most probably held against payment of same less say 250k contribution by the club. Seems a quite loaded question offered.Quote:
Originally Posted by Nah Nah Nah Nah
Thank you for proving my point :DQuote:
Originally Posted by Kiki Balboa
I'll rephrase that line "it is likely Dundalk will relegated down a division and whilst there they need to.........." and please read the last line of my post again. Re Bohs it was in the past, we've learned our lesson and turned our club around without being relegated. This is probably down to the input from supporters and the board running a very tight ship. There was the Dalymount to DCC deal too. All of which seemed to have made a better club with greater support. Are Duldalk in a position to do this? most likely No. You'll have to do it from a lower division. Remember others have had to do it this way too and are in the running to win the league this year. If Drogheda beat Bohs on Friday we could be joining you. You have survived, which is great. Take the opportunity to do great things.Quote:
Originally Posted by oriel
Dundalk have survived, but the patient still needs treatment, and not out of the woods by any margin.
We still may end up going down, and if so it will be on the field and we'll have to admit we were not good enough, take our medicine.
From where things stood on Sun afternoon / night, and again up to most of Monday, to still have a club operating was nothing less than a miracle.
A lot of work to do and lessons to learn.
Am I the only one who sees this new owner as potentially a copy paste of Ainscough? He has investors to see out the season, sure, but after that? Where does the money come from? There is still a significant debt & the prospect of relegation? Even the statement said they would be reviewing the financial viability of the club? The debts already point to professional football not being viable so is part time or amateur football something the Dundalk public can get behind? There are still so many questions imo.
I remember John well from Ogra FF days so he shouldn't have too much trouble getting money from the government. All in all it just shows that every LOI club is maybe about 2 weeks from going out of business if things go even a tiny bit wrong !
No certainly not, I think nearly eveyone has said that this lacks detail and info is scant with comments that do the opposite of fill with confidence. Its all relative though, get to season's end is priority 1 and go from there. This ownership may also have the potential to set the club up to thrive, imo especally if other interested parties are brought in to the fold and some level of fan ownershp considered which was definitely not the case with previous owners. There was contempt for fans in the lack of engagement previously prior to BA though BA was willing to engage plenty in the pubs around Oriel with fans and talk about appointing king and missing out on Kenny among other things. But yeah there is plenty to run on this, I believe there is a meeting today with local companies, probably a number od creditors among them, that could be on debt or converting debt, or writing it down or committing to paying it in full so hence scant on detail until that meeting happens. It was said previously that it would take 3mil to mae the club sustainable by this group so at least they have figures where BA just talked about bringing in investors. If we are relegated in November it would be easier to enter SCARP but burning local business is not somehing Id be happy with so yup plenty more rope in this saga.Quote:
Originally Posted by Another Bohemia
I'm not singling you or anyone out, though some of the whining noises about everyone wanting Dundalk to disappear would make Stuey Byrne cringe. Maybe R2 should turn the trash compactor back on, just to make the whining noise stop :pQuote:
Originally Posted by Nesta99
Don't think there many on here get a bye ball when it come to calling someone else a gob****e. But jfc the place was was desperate. Whether it was Dundalk/Shams, Dundalk/Cork or Dundalk/anyone else, the seeming multiple personality ****-posting that people got shat on for trying to interject in. Or the pile on for disagreeing with the hive mind - the common factor in making this place a cesspit was a usually a handful of Dundalk posters. And yeah similar went on before when other teams had their purple patches, but it was derailing threads not an entire board.
I will say whatever your issue with EYG, and it may or may not be related to this thread, for ****s sake take your own advice and say it once, clearly. Repeatedly calling someone out for a perceived slight that's not immediately obvious in context is definitely dickish.
Signed - A FeckingHypocrite
If Dundalk entered SCARP post relegation would the deduction apply to next season or this season? Let's say they're relegated with a game to spare could they go into SCARP straight away and the points deduction would have no impact at all?
That explains a couple of things...Quote:
Originally Posted by ltfc_2004
I understand getting to seasons end is an achievement in itself but you note that fans have been previously treated with contempt but I think it's a bit of a 2 way street. Has any ownership group been embraced by the fans? P6 basically run out of town, Statsports were locals but fans were unhappy with lack of investment, BA I don't think ever had fan backing so why would any owner try to get feedback from a group that holds them in contempt? Building on that many of the fans seem to feel entitled to big budget pro football but outside of buying a jersey, match ticket and some pints don't want to do anything else which makes that big budget pro football viable. There's a lot of challenges that have to be addressed before seasons end imo and whether fans get an ownership stake or not they need to commit to their club in more solid ways than buying a match ticket and a jersey.Quote:
Originally Posted by Nesta99
The early/mid days of those ownerships there was no issue from fans yet the was a lack of engagement. By far the worst were Statsorts/AC and they rode in to Oriel on the shoulders of fans and that was it.
No outlandish promises from this fella. Said they’ll review on and off pitch (and seems a bit more focus on off?) so looks like a steady sensible approach, particularly if ye stay up
Read a very good interview in todays Irish Sun with Dermot Keely on Dundalks troubles and launch of his new book. In it he mentioned that in 94/95 season at some stage they were only getting 200 fans in Oriel at matches and somehow won the league! Must have being very difficult times being a Dundalk fan that season
That's all I'll take from this arrangement too.Quote:
Originally Posted by Nesta99
The club isn't being liquidated this week. It buys some time.
Moving on, don't know it's better financially for Dundalk to be in the PD or FD next season. You'd almost always say PD, but in the FD, you could offload some of the higher wage earners. Combined with a team, let's guess, being FD title contenders, you'd expect to get decent crowds.
In simple economics terms FD - no brainer. You go from needing 60k per week, to 500k for the year and would be competitive with that in 1st and likely show a surplus.Quote:
Originally Posted by brendy_éire
Another season in PD with a falling budget, but still over and above what club can sustain is not giving club a chance to fix its problems.
Simple economics also suggests they have player contracts to honour.
2 years of Daryl Horgan won’t be cheap for staters