Printable View
I know if Arkaga had continued to run CCFC it would have been very difficult to get fans to contribute to the Supporters Trust.Quote:
Originally Posted by Drogman.
To an outsider like me Hoey is face of DUFC & he doesn't impress. Seems to have taken far too long to get to this weeks meeting situation & talk of outside investors sounds hollow.
Shame you weren't at the meeting then. I think you might have changed your mind about Hoey not impressing. I know all the dissenters before the meeting had changed their minds by the end and they can't all be wrong.Quote:
Originally Posted by pete
If the Drogs dont get a Premier Licence it will be because of their financial position. This is also the very reason why they wouldnt get a First Division Licence.Quote:
Originally Posted by Drogman.
The question of stadia can be sorted by groundshare.
Its sad to say, but the next stop for Drogs is the A Championship if a miracle doesnt happen first.
So what if its the A championship that we end up in? At least we'll have a football club which the fans can be involved in and take it back up to the First and Premier leagues.Quote:
Originally Posted by Kildareman
Once there's a football club there in a months time, I don't care what league we're in!
How did he impress?Going on about the stadium etc,pleading with fans to donate?Quote:
Originally Posted by pete
The only way DUFC will survive is if the judge believes DUFC can function in future- Hoey getting a load of fans to contribute once off payments aint much of a business plan and no judge in the counrty would be impressed,the reason the judge allowed us to continue is because we proved we could survive and prosper in the future because we had proper business plans,regular contributions from the 400 club, a new board took over from the other shower and they could see where they went wrong etc.
The fact that Hoey is blaming the stadium and not his reckless spending makes me think that he`d do it all again if he could,and then we`ll be back to square one.I`ll say it again take your head out of the sand lads,its pretty much like Ridsdale asking Leeds fans for donations after he went on a reckless spending spree-Who in their right mind would have given him money-who in their right mind would contribute to DUFC while the man who got them into this mess is the man asking for it????????:confused:
I often wondered how Shelbourne managed to get a first division licence the year their finances were a mess.. Surely the rules which deemed that they weren't financially sound enough for the premier division would be the same rules in place for the first division...? :confused:Quote:
Originally Posted by Kildareman
Quote:
Originally Posted by srfc-1901
Like I said, I know what you mean, but would you be prepared to watch Shamrock Rovers die just so you can get one up on the board?
I want DUFC to continue on. As I stated before, some of these payments are once off yes, however after last nights meeting there was an massive push to get the 500 club going again. At the moment that's being put together so that will contribute to the running of the club going forward. The new supporters club DUISC, which I am secretary of, have stated that one of our aims is to raise funds so that it will contribute to the financing of the club. We have good people in this group now and the rest of the support base are behind us.
This is not anything like Risdale of Leeds or whatever other comparison you can come up with.
Mistakes were made, I know that and a lot of fans are not happy about them, however we've wiped the slate clean and starting afresh.
Hoey won't be at the club next year other than being a fellow supporter. Whoever the new board is, they will be well briefed on what supporters expect from the club in the future.
I seen the photos of the meeting on the official club website earlier. It looked like an impressive turnout alright. If I remember correctly, it said that €30,000 was collected last night. If that is right then there is hope yet!
Seriously?Quote:
Originally Posted by Drogman.
Quote:
Originally Posted by Drogman.
Sorry I was supposed to be quoting Horus about how the man who brought this all on "impressed" at the meeting, although I dont see how its not like Leeds- to me its the exact same,just that the number are far smaller and a stadium issue thrown in so people will have sympathy to Hoey.Best of luck with the 500 club.Whats your realistic chances of being able to get enough people to commit?
What rule was that ?Quote:
Originally Posted by holidaysong
Quote:
Originally Posted by holidaysong
PLedged ...€30,000 Pledged.About 6k collect
This baffles me .What point/use is this 100k,surely in 3 weeks time they'd still have to find 200k+ to pay the examiner,another 150k to pay their creditors and another 250k for players.Thats not even taking into account costs they'll have between now and the season start.And all this with the same guy that screwed them up in the first place STILL in charge.Madness
I feel that was a big part of CCFC survival. New owner willing to come in & proper Supporters Trust structure in place with hundreds of members which had already proven could contribute money (granted some sums relative to debt) on weekly basis. It is hard to see at this stage judge agreeing to write off a large Revenue debt when owners remain in place...Quote:
Originally Posted by srfc-1901
That's the way I see it too. Pledges, auctions, etc are all very good, but they're far more suited to a club in, say, Sligo's mid-season predicament. Once you've gone into examinership, you need a plan to get out of it. The money being donated is just dead money I think (Hoey's nonsensical assertion that it's refundable aside). In order for Drogheda to survive, Hoey will have to be forced out and a new board - a Supporters' Trust, if no-one else is willing - will have to take over. Pledging money is admirable, don't get me wrong, but it's way too late for that.Quote:
Originally Posted by srfc-1901
In fairness, licencing should never be used to kick a team out of the league entirely. Shels were relegated as far as possible; I think that's fair enough.Quote:
Originally Posted by holidaysong
Rovers fans boycotted Tolka in the late 80s/early 90s, bringing the club almost to its knees to get rid of Kilcoyne. The 500 Club later cut off funding to Maguire and took a big risk in forcing it into examinership just to get rid of him. So, yes, Rovers fans pushed their club to the limits of its existence to get rid of extremely corrupt/incompetent board members and make the club stronger going forward (couching that in the phrase "just so you can get one up on the board", in my opinion, shows how Drogheda fans dont have a grasp of what's going on at all).Quote:
Originally Posted by Drogman.
I know what you're saying, however with all due respect there's a lot more info behind the scenes that can't be revealed until a later date. The meeting the other night explained the seriousness of this situation.Quote:
Originally Posted by pineapple stu
As I've said before, Vincent will be stepping down. All he wants is to help save the club and then have someone else take over the running.
BTW, Rovers were hardly getting massive crowds before Kilcoyne walked. Its commonly known that the figures for crowds were always exaggerated with the exception of a couple of games.
While I can't really doubt you on that, having no evidence either way myself, I've heard that story many times before. There's always an investor or some other get-out clause lurking somewhere. Shels went through about four or five of them. Even Dublin City used that line, I think. They almost always come to naught.Quote:
Originally Posted by Drogman.
Agree more people say they went to Rovers games than did go to them, but there were still protests outside Tolka by people who would refuse to go in and pay money to the board, and the 500 Club did cut off financial support for Maguire, a move which ultimately helped force the club into examinership and Maguire out.Quote:
BTW, Rovers were hardly getting massive crowds before Kilcoyne walked. Its commonly known that the figures for crowds were always exaggerated with the exception of a couple of games.
you reall are an insulting ******* .Drogheda fans know exactly whats going on ! wether they all agree or not is a different issue .People are coming on here saying get rid of the present chairman etc with no clue whats going on behind the scenes or what was said at the meeting the other night .Were you there ? How do you know what the fans and club agreed the other night ? you dont .There were things discussed with supporters both publicly and privately that you havent a clue about .So give up your little petty witch hunt and get a life . Jesus Dundalk fans are coming on here wishing us the best with things ( fair play to them ) so why cant the rest of you give it a break .
I do wish you the best. However, I'd rather you went on a different track to your current tack, which everyone bar Drogheda fans can see is almost certain to end in doom.
Quote:
Originally Posted by pineapple stu
how would you solve Drogs' problems Stu?
It's been mentioned here and on other threads a few times.
They're up in front of court this day week. At that stage, the judge is going to need evidence that the company can continue in a sustainable format. Rovers and Cork survived this because the incumbents, who'd gotten them into trouble in the first place (Maguire and Arkaga respectively) had been forced out or resigned, and because Supporters' Trusts (plus a benefactor) presented a new business model. If the examiner goes to the judge and asks the company to be let continue as before, with the same owners and still looking to build the new ground, that simply won't happen. It seems to me the only way for Drogheda to continue is to have a complete change of ownership. Instead, the fans are rallying around the people who have gotten them into this mess in the first place.
Going to the judge and saying "We raised E100k" doesn't show a sustainable future going forward, which is why I think that's an exercise in futility (especially when everyone's ignoring the examiner's comments that actually they need E500k). It was grand for Sligo, when the money just paid off the creditors and everything was back to relatively hunky dorey; it's not OK for Drogheda.
What can they do? I think it's now too late to save the club. People noted to them ages ago that they should set up a Supporters' Trust with the aim of taking over control of the club on a sustainable basis should it exit examinership; I can't see how this will happen in the next week. I also think the money raised is now going down a black hole, and that it would have been better served funding AFC Drogheda in the A League rather than paying the examiner.
You are totally missing point myself and PS ae trying to tell you,whats the point in being nicey nicey saying "best of luck" "I hope you get through it" when in my opinion (having watched my club be in this exact situation a few years ago) you as a club are going the wrong way about it.But sure what do fans of pretty much the safest clubs in Ireland know about it,you go and stick your head in the sand with all your mates and the man who got you into this and throw your money away-Sure its all the NRA`s fault isn`t it?Quote:
Originally Posted by ndrog
Yeah obviously I wasn`t at the meeting but reading through your forums its blatently obvious that there was no survival plan drawn up -just a load of generous and passionate people pledging money and saying how they`ll die happier beacuase they won a cup or 2??????Hardly stuff to make you think you DUFC have sorted their problems out.
For the record I hope you do survive but I wish more of your fans would just wake up and smell the coffee before its too late-Listen to Drogman N drog
I'd agree with this. If DUFC do go under and take the €100,000 in donations with them, it'll be very hard to go around with the cap in hand again to raise money for a new club.Quote:
Originally Posted by pineapple stu
Oh and I prefer my FC United of Drogheda instead of your AFC Drogheda by the way.. :p
That's what the Newton Heath faction get for splitting their vote. :(
Im not missing any point my self righteous friend .I know exactly what is going on as im very close to the situation and am hearing constant information from all sides .So just let us get on with things in Drogheda , if we go tits up you and your ucd bud can sit there and gloat in all the told you so crap you likeQuote:
Originally Posted by srfc-1901
Well, I won`t .Best of luck with it thoughQuote:
Originally Posted by ndrog
nDrog what Stu et al are saying does make sense, in particular the apparent lack of a business plan to present to the courts. I dont think that there is gloating per sé, though clubs who run their affairs in a responsible manner and subsequently suffer as a result you may expect their fans to point out the folly and down right unfairness of the situation!! 'Twill happen again with Bohs and maybe Pats. No right minded supporter wants to see other clubs in trouble but you cannot deny that that questions were being asked of Shels and eventually they hit the rocks, same questions were asked of Drogheda and history repeats itself, questions being asked about other clubs....the trend will continue and as fans we can ask the tough questions - what it seems to the outsider is that all is forgiven for V Hoey cause sure he meant well:o which is the ostrich syndrome that got you in this mess. The people who neglected to fulfill their obligations to at least the revenue should be run out of Drogheda all sentiment aside. Now reality is that ironically V. Hoey is probably one of the few people can pull off the saving of Drogheda(due to Drog fans blind faith maybe) but take off the rose tinted specs and turn off the defensiveness - Drogman is much more balanced in his commentary and that is what is needed for there to be any hope.
On a more positive note Dundalk have offered to play annual Malone Cup at no cost and in United park with Drogheda keeping the gate. Worth a few thousand yoyos
I understand where you're coming from lads, and up until this week I was of the same views as regards the future of the club.
However, I have spoken and seen what is planned once the examinership hurdle is overcome. I have now seen what has been budgeted for next season depending on what division we are in. I can tell you now that even if we manage to stay in the Premier next season, the budget will be extremely modest. There are a number of deals in the background which will benefit the club hugely once we get through this.
The stadium issue is gone. This is not on the agenda and will not be presented to the judge as a basis for survival.
Already the club, upon the supporters request, have relaunched their 500 club that was setup. Now I don't really understand why people want to join now and not before, but there you go! So there's the option of money coming in yearly or on a monthly basis.
Also their new Platinum/Gold/Silver donation scheme which if someone signs up to will receive a season ticket for the following season or for 2 seasons depending on what is selected.
Add in, sponsorship (which is already there) as well as potential new sponsorship and also the support of the new supporters group, DUISC, hopefully will convince the judge that it's worth a go keeping us afloat.
Make no mistake about it, I'm still not happy with the way the club was left in this sh*t, however now is the time to save the club and once thats achieved then the re-structuring operation can begin.
Why the big clamour to save the club??
Surely if you can raise 200k it would be put to better use setting up a new club for the people of Drogheda than as a partial bail out for the clown that got you in trouble in the first place??
Let the club die. Form another one.
We do it all the time. :)
By the by a DUISC or whatever it's called will struggle to raise large sums of cash.
Also, what makes any of you think you can get 500 people??
Begrudging self righteous miserable pessimistic fcuker:p....in fairness Dundalks co-op only sold bout 900 shares in the end i think...was enough at the time but far short of target so lot of hard selling to be done. DUISC is proactive and should be laudedQuote:
Originally Posted by Lim till i die
Thought I had stumbled back on to the Limerick forum there for a second :)Quote:
Originally Posted by Nesta99
Never said it shouldn't be.Quote:
DUISC is proactive and should be lauded
If they think they are going to have the money to run a football club they're wrong though
Nothing stu says will ever be taken as anything but sour grapes as he would love to see us extinct .And what do you know about our " apparent lack of a business plan " .i cant speak for Drogs supporters as a whole but i gauruntee you there is no ostrich syndrome in drogheda and lots of people will not forgive those responsible for getting us into this mess . No blind faith or rose tinted glasses etc etc .I know how much **** we are in , im after hearing some stuff today that makes it even worse , but you lot continue to sit in judgement .Enjoy yourselves .Quote:
Originally Posted by Nesta99
Oh diddumsQuote:
Originally Posted by ndrog
Aside from giving a clown lots of peoples hard earned cash and having a whinge on here what exactly is the plan
If the €100k is not enough to save the club then it reverts to the supporters club. Vincent Hoey has access to, in trust, if it only means a deal can be struck to save the club.Quote:
Originally Posted by holidaysong
No deal = revenue and the other creditors get nothing and the supporters club have €100k for Drogheda Mark 2.
Vincent Hoey is the biggest Drogs fan ever - you need to know him to appreciate that. Its all about keeping football in the town now not him or the millions he's lost over the years.
Oh -and he has paid the examiner up front himself.
And for our Uni financed berethern - I'd prefer for us to go belly up and start supporting Dundalk than be anywhere near your makey uppy bitter joke of a club.
And you Limerick fans - remember when that priest (can't remember his name) went around doors in Limerick with Sam Allerdyce to get money to pay the players - that's what we've got. Pure passion.
I no account do i want to get involved but i think you will find he is still owed a lot a money.Quote:
Originally Posted by Celdrog
He has brought the club to its knees and then to its belly.Quote:
Originally Posted by Celdrog
Which begs the questions:Quote:
Its all about keeping football in the town now not him or the millions he's lost over the years.
Why the big clamour to save the club??
Surely if you can raise 200k it would be put to better use setting up a new club for the people of Drogheda than as a partial bail out for the clown that got you in trouble in the first place??
Paid the examiner what??Quote:
Oh -and he has paid the examiner up front himself.
Well, considering Drogs status before and after (if your're very, very lucky) they started spending millions upon millions they didn't have some people could argue Drogs are a "makey uppy joke of a club."Quote:
And for our Uni financed berethern - I'd prefer for us to go belly up and start supporting Dundalk than be anywhere near your makey uppy bitter joke of a club.
I'm not saying either way but the argument could be made.............
The priest. :eek:Quote:
And you Limerick fans - remember when that priest (can't remember his name) went around doors in Limerick with Sam Allerdyce to get money to pay the players - that's what we've got. Pure passion
Lot's of similarities in that analogy - but now how you think. ;)
I speak as a knowedgeable LOI fan - what do you speak as?Quote:
Originally Posted by Lim till i die
Do you not know your history?
You don't even know your present and you're questioning me about Limericks history?!?! :D :D :rolleyes:Quote:
Originally Posted by Celdrog
Still didn't anwer the question, I see - do you not know?
Celdrog surely Mr Hoey can afford a million to clear the clubs debts and start the club on a level footing for next season. Surely if he "loves Drogheda" that much one more million wouldn't kill him. I think that would be the right thing to do.Quote:
Originally Posted by Celdrog
That's good to know at least.. :ball:Quote:
Originally Posted by Celdrog