Surely someone in Drogheda United could leak the story too?Quote:
Originally Posted by WoodquayBoy
Also, I've added a question mark in the thread title just for a bit of clarification!
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Surely someone in Drogheda United could leak the story too?Quote:
Originally Posted by WoodquayBoy
Also, I've added a question mark in the thread title just for a bit of clarification!
If you don't know anything about the situation then forget about posting a definitive conclusion on the issue.
I would say drogs fans are the most shocked about this - I know I am.
Seems to be cleared up so panic over.
Stadium situation is a joke but that's the league all over.
Last year we cut our cloth to suit our budget. Cork went bust almost immediately after exiting examinership having kept all of their players. That shouldn't have been allowed. We dug deep and started from scratch - only a week or two before start of season. We deserve to be in top flight - on the field matters. It's football not monopoly.
If we did breach or miss a tax bill it'll be small fry compared to Derry Cork - Bohs etc. We've learned our lesson but it's not like everything falls into place immediately - you don't get a cash binus for being wise after the fact - our club like all others will still have to fight hard for every penny we need to run the club and it looks like, for a while at least there, we migth have come up a bit short. Would still rather not have seen that story all the same.
Finally on Hoey, he's a legend, and has done tremendous things over the years. He's hands off since exiting Examinership last year so none of this his fault. A figurehead these days rather than an organiser.
good post!
Gotta love all the UCD brigade's jubilant comment on any financial misfortune befalling other clubs in the league.:D
You could almost hear the collective groan as they came in their trousers when this thread opened up....
All the UCD brigade? Before this post I only see posts from pineapple stu (and one from John83 which didn't really add anything to the thread).
And I don't see any of us jubilant either.
They don't need to carry out improvements. They've a planning application in, that'll do for the FAI!!Quote:
Originally Posted by Buile Shuibhne
Just returned from the clubhouse and there was no panic and no sense that anything is wrong , no more than usual . Was also told by a club offical today that the story was nonsense and all is in hand with monies owed . Meeting tonight thats been organised for a week will tell us more .
I'll have to disagree with you there. The rules are in place for a reason, and all clubs will have signed a participation agreement before entering the league. If any one club breaks the rules relating to off-the-field matters, this, in my opinion, is just as serious, if not more so, than breaking the rules on the pitch.Quote:
Originally Posted by all drogged up
Fair enough on Hoey, if that's what the Drogheda fans think - the optics are terrible though.
Ndrog - so is it nonsense or are they behind but it is being sorted?
Any outstanding monies owed have been paid to the revenue according to our chairman and the rest of the board at the meeting . The rest of the meeting was used to discuss fundraising for the up coming season , if we as supporters didnt know it already we certanily know now that its gonna be tight this season with all revenue being very tight with lots of supporters input being needed on match day and throughout the season . Flat broke like most other clubs .
Have they a tax clearance cert?
Say the tax bill was only settled this week or even last week - when do Revenue issue the TCC and do clubs still have up to the end of Jan to submit it, in time for the licence application?
Tax clearance of the top of my head is due with the financials on the 30th January. Revenue will issue it as soon as payment clearsQuote:
Originally Posted by Buile Shuibhne
Once the original downpayment which usually has to be over 50% of the debt due is paid and an instalment arrangement is signed up for the TCC will issue immediately.
I dont know how many posters here are involved in the real world where 100's of companies in all lines of business are in the same or worse situations than el Teams like Drogheda. The simple facts are over 1/3 of firms fall behind in their tax payments now due to the extreme pressure on cashflow no matter how high or low their wage bill is.
Were we behind in tax payments? Its been settled before the licensing/tax cert deadline without any wind-up orders or court appearances. Seems pretty succesful to me. I'd imagine most clubs go through some sort of negotiation with the revenue from time to time, it just happened that a journo got wind of this particular exchange.
Success is falling behind with the revenue by over a grand a week (and getting it paid by a benefactor) when you already made a serious enemy of the taxman?
where we behind?Quote:
Originally Posted by Mr A
Some of the reaction by some posters to what turned out to be a false reported story reflects more on the posters than Drogheda Utd.
Shock Drogs had tax bill (as do all companies), Drogs clear tax bill, doom doom I tell ye.
The league and clubs are in serious pressure but many seem to be on disaster watch constantly with indignation missles ready and always armed.
For me Drogs are very refreshing this year as we seem to be going forward together with everyone aware of the facts. We scrapped by last season (major feat), now we are planning (together) for a new season and we all know we need to raise another 100k to break even, so all hands are at the pumps. If we succeed (and it wont be for lack of effort), we will break even - how many clubs will be able to claim this?)
- We have supporters on the board
- We have 270 (give or take) members of a Claret and Blue Club giving a 5e each per week (growing, slowly but growing)
- We have a Last Drog Standing just kicking off, 77 members and plans to grow it
- Formation of new committees for match day programmes, fundraising, match day etc (all supporter based)
- We have close club supporter comunication (by default as the suppoers are now heavily involved)
- We know the reality of the finacial challange which allows us to tackle it, rather than hiding it from the supporters and allowing he problem get out of hand
Compare this with 2 seasons ago.
Now it is and will remain a struggle but we are alive and we are fighting but is there credit for this - not a chance, some would rather try to jump in wth 2 feet at the drop of a hat.
C'est la vie
Isn't it time to close this thread or as in the case of the Cork City and Derry City threads at least change the title to reflect an accurate current position?. I know the original post was in relation to the published article in the press but that story appears to have been unfounded and sensationalist as ever. I've just read the last few posts further to ndrog's comments after the meeting at the club and as said afterward the story is unfounded.Quote:
Originally Posted by ndrog
The negative press attached to this league grows and grows every season and much of it sadly is merited with more and more clubs cliff hanging every single season. In this case this negative story is a non-starter.
No he didn't - he was deliberately fed a completely false story and went ahead and printed it without getting any verification from the club or the revenue.Quote:
Originally Posted by chatterbox
The club also know who the story originated from and it will be legal action if it continues. I'll take any story from the daily mail with a large bag of salt from now on (all clubs stories) and certain journalists in general.
Couldn't you just take €100,000 of the budget and then break even anyway?Quote:
Originally Posted by SeanDrog
I'd like to know what you're basing any of that statement on. Who's this benefactor? We were 100k short at the end of last year so some debt was going to go unpaid (if that is indeed what happened). Makes sense to wait till January to pay the revenue.Quote:
Originally Posted by Mr A
+1Quote:
Originally Posted by Celdrog
The story was nice while it lasted:mad:
Despite all the bluster and critism of the Mail, there was a fire generating the smoke.
What was the fire Macy????
Drogs cleared their tax bill completely (a relatively small one by LOI standards) two weeks before a journalist decided to tell anyone interested that we were facing a revenue winding up order unless we cleared all our outstanding tax by last Friday.
Do you know how much Longford owe the revenue? If its more than 1c then you could be facing a winding up order if its not cleared. Would that be a "smoke without fire" story - no it would be complete nonsense.
Keep on dreaming, we're still in business, fully tax compliant, no outstanding wages due and in a much much healthier position than this time last year, when we were still in examinership. Hey, we even have 15 players who have agreed to play with us this season. 11 months ago we had 0.
We are looking forward to the new season and this time we all have very large umbrellas to cope with people raining on our parade.
Right- I'm genuinely confused here- did Drogheda fall 50k behind or not? Was this cleared by Vincent Hoey? Is he still involved with the club or not?
citizen smith on the Drogheda forum mentioned that there was a bill of E50k, but that it was recently paid. That's all I've seen anyway.
No matter what line of business your in January is P35 time so even if you were paying a set sum on direct debit there would be either a balance payable or repayable. I know we settled up with the revenue ourselves this month so making a mountain of a molehill is what the Mail was doing.
I look after the accounts in our own business and laugh sometimes when I see some of the sanctimonious bull spouted on here by some posters. Ive said before 2/3rds of the businesses in the country are struggling big time with cashflow problems and things arent getting any better its actually worse with commercial activity at a standstill.
If you huddle together and hold them all up it'll look like a proper Stadiuuuuuu.....:eek:Quote:
Originally Posted by Celdrog
So that's how United Park is going to meet the Premier Licencing Criteria
No, you said before that 1/3rd of businesses are struggling (post 54). You've provided no evidence whatsoever for that either, and now it looks like you're making stuff up.Quote:
Originally Posted by gufct
Individuals have an option to pay tax by DD, and even then it must come to pretty damn close what the final balance for the year is. I don't think companies have that option; that's why they have to do monthly P30s. If (if) Drogheda had a tax bill of E50k built up after one year that interested the Revenue this much, that's very bad management regardless of what spin you'd like to put on it.
Also, probably worth noting that no winding up order issued in the end.
Are you not the one who claimed all this in the first place :confused: So we presume you just made it up for some strange reason ...Your confused allright , very confused :mad:Quote:
Originally Posted by Mr A
You have a looong way to go before your club meets Premier Licencing Criteria so i wouldnt be so smug .Lost interest in goings on down there a long time ago. Do cork still exist ?Quote:
Originally Posted by tiktok
The €100,000 needed to break even that was said by Sean above? I'm not clear whether it's that you are budgetting for raising an extra €100,000 to break even this coming season, or that's the hole in last seasons figures?Quote:
Originally Posted by Celdrog
Ah diddums, it was a joke, untwist your knickers. I don't think Tommy No bobs has a hope of getting a Premier Division Licence [or any licence].Quote:
Originally Posted by ndrog
Cork still exists by the way, I'd say any map or atlas issued after 1850 would give a pretty good representation of where it is and it's size etc.,
I asked questions based on the newspaper and what was posted on your forum. None of this originated with me.Quote:
Originally Posted by ndrog
Oooooooooooo.K. Now can you answer the questions?Quote:
So we presume you just made it up for some strange reason ...Your confused allright , very confused :mad:
Quote:
Originally Posted by Macy
100k is this years budget requirement for fundraising etc to breakeven. Once the C&B club, gates, sponsorship etc are taken into account they beleive that 100k is required through additional sources (mainly fundraising I would imagine) to breakeven.
Your point about just reducing the budget by 100k is moot but (I am only repeating what I have heard , no inside info bar being a C&B member) I assume that to run a team in the premier has a base cost (interesting thread if somone wants to start one - what is the none playing staff cos of running a club) and we are sailing close if not on it hence we cannot reduce the budget by 100k otherwise we might as well apply for the 1st div (IMO).
The challenge for us as a club and group of supporters is to stay in the top flight and the club believe we have the plan in place to do so with the judged most realistic budget to do so.
We have a challenge as does every team for the fothcoming season but I suppose the difference is that we are communicating our exact challenge (off field) and tackling it head on. Its a pleasent change TBH as it allows us all to pull in the same direction. i.e. no more carzy spending and realisitic goals (ie last season survival, this season breakeven and hopefully a few places higher in the table, next season a few baby steps more).
The aim is that after each season we will have put in place more structures to help finance the club (ie C&B club). I am sure there is plenty we arent doing correctly but its not for lack of honest effort.
I know other supporters would be spectical as we went into examinership but things have and will continue to change in UTD PARK, it will take time but we are getting there.
That dosent read like a question to me . You made a statement about a benefactor paying our debts , its not true . All payments to the revenue have been made and yes vincent is still involved in the club for whoever wants to know .Quote:
Originally Posted by Mr A
Quote:
Originally Posted by Macy
Quote:
Originally Posted by Macy,on Longford forum, 24/12/2009
Amazing how some people (apart from Rovers fans, obviously) know the financial dealings of another club while not having a clue whats going on at their own club.:rolleyes:Quote:
Originally Posted by Reply by Longfordian
I wonder have Longford paid their back wages or tax?
I know we have....
As far as I'm aware we have paid it. We have a tax clearance cert and I think all players were paid it was the final week's wages as far as I know somewhere around 2.5k. They're not expecting any Licensing issues from what I've heard anyway.
Can you also link to the posts where I said that it was a non-story and tried to spin that everything was hunky dory?Quote:
Originally Posted by Celdrog
You didn't - you said there were problems at our club but had to ask your own fans what was going on at Longford.