I really hope that we dont go up like that anyway.Quote:
Originally Posted by Jofspring
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I really hope that we dont go up like that anyway.Quote:
Originally Posted by Jofspring
Quote:
Originally Posted by Mr Maroon
Which are?
Shamrock Rovers MK I
What are the chances of getting Limerick getting a Premier licence?Quote:
Originally Posted by Jofspring
I think it was Cork City MkII or MkIII, well certainly the 2nd or 3rd club to use the name anyway. I also think there was previous time that Rovers folded a holding company as well.Quote:
Originally Posted by MagicMon
GUST could always go back to Galway Rovers...
Probably have a good chance if we can show we have the intention of moving into the Markets Field. Then the club can make a bigger push to speed up the move which has slowed down since we are still in the First Division. The first phase of developement should be enough to bring the Markets Field up to a premier licence standard.Quote:
Originally Posted by L.T.F.C.
Time is of the esence though. The longer we are left waiting the less and less likely it is we would be in a position to move I would think.
WrongQuote:
Originally Posted by Sean South
The plans should be enough for licencing. Drogs got away with United Park for years on the basis of the pie in the sky plans for their stadium tagged onto a shopping centre.Quote:
Originally Posted by Jofspring
The plot thickens...rumours of the current directors wanting to sell the name Galway United to Salthill Devon...for a euro
Rumours they'll loan the name to Nick Leeson, who'll split it up into derivatives and sell it on the Asian market.
Rumours put out to attempt to destabilise the formation of a community based and members owned club representing Galway city and county.
They'd be better off naming the new club Connacht to increase the potential support base of the club. There's a huge amount of people living in Galway with no interest in supporting Galway because they're from some other county. Also it would really **** off Sligo Rovers fans :P
Agreed ... but the converse of this is that a huge amount of tourists visit the city, and a percentage always visit Terryland. "United" also have a huge catchment area, there are 300,000 people living with an hour of the city. Supporters from South Mayo and Ennis often attend matches.
2nd or 3rd Holding company to own the club. If you're equating holding companies going out of business with clubs doing so, most clubs have been out of business more than once.Quote:
Originally Posted by Macy
Fair play to GUST, ballsy move. I'm sure it was a last resort. I'd assume that the Directors of Galway United, with the debts there, will have Ilittle choice but to (in the absence of an income stream) wind up the holding company which you'd hope would allow GUST to buy the club back through legal channels.
No sane director of a company in debt would undersell an asset for €1, it'd be negligent trading and they'd be in potentially more hot water than just having run up the debt.Quote:
Originally Posted by gufc2000
BS as usual from the directors. They have no intention of doing so and couldn't even if they wanted to. They walked away from the car crash they created before the end of the 2010 season. They told the manager and players not to deal with GUST on the one hand but directed employees and creditors to GUST for their money. GUST intervened at the 11th hour on a number of occasions in 2010 to save it from collapse, never mind in 2011.Quote:
Originally Posted by pineapple stu
Leeson writes to the FAI every month to remind them of the money he allegedly didn't pay himself during 2010. Considering how many unpaid creditors came to light on a weekly basis for a good part of this year, you'd have to wonder where it went (he says sarcastically).
Agree 100%. It really is a head scratcher... :rolleyes:Quote:
Originally Posted by Mr A
There is an online petition supporting GUST's license application here. http://www.ipetitions.com/petition/gust
great to see past players who are now plying their trade over in England signing the petition, thanks lads and ye'll never be forgotten.
And up the road in Sligo!Quote:
Originally Posted by Terry
report on the meeting in the Claddagh Hall last nite aired this morning
Care to expand? What happened at the meeting?Quote:
Originally Posted by geezer
Listen on RTE Player.
http://www.rte.ie/news/morningirelan...5406,flash,257
Can someone explain to me and this is NOT **** stirring, what happens to the people owed the €900K by GUFC? Is it really that easy to walk away from debts and start up again under a new title? Just intrigued by it all as someone whose only involvement is at amateur level and a casual fan of the international team
I suppose they should be thankful the debts won't get any bigger? Cos that's almost certainly what would have happened next year if GUFC had gotten a licence.
The holding company will presumably go into liquidation. Whatever assets the club have (can't imagine they've much) will be sold to pay off preferred creditors (banks and government/councils) and the directors will be liable to pay back the loans they personally guaranteed (these seem to be in six figures). The new club might choose to pay back some of the smaller creditors (Derry did this by honouring season tickets bought from the previous club).
dont let it get to you we do it all the time in the LOI and then we say things like "but the new men running the club will be far more smarter than them &**3**ks who got us into this mess "and "its all (insert name) fault but he is gone now so its all over for the old club, this is a brand new era (six months later they will be on here telling you that they have a long history and its not a NEW club.Quote:
Originally Posted by eitoof
and this is not aimed at GUST but at clubs in general (except my own of course)
You can't be accused of not taking It serious....Quote:
Originally Posted by geezer
It's not GUST debt - they're not walking away from anything they are responsible for. If GUST get a licence it will be a new club and new company. If it was the same people walking away and starting again, it wouldn't be so easy, although it does happen in business.Quote:
Originally Posted by eitoof
GUST will honour debts accrued during the time in which GUST were involved in running the club. Any other debts that are the responsibility of the GUFC Ltd, not that of GUST.Quote:
Originally Posted by eitoof
GUST are the club as far as I'm concerned and while it is a new entity, they are people who have proven themselves to be competent, picking up the pieces left by the directors, who have proven the opposite of themselves without any doubt. Finally being in control of the "club" will allow the process of reversing the damage to begin.
GUST may have been running the club on behalf of the directors since February, but not having the ultimate say allowed GUST to be undermined still in their efforts. One director was allegedly actively trying to sabotage the club.
Given the opportunity, I think GUST FC can be a huge success. The lunacy of the last few years could easily have been avoided by a couple of level heads. The club did what they liked and "ah sure the GUST lads will pick up after us when we don't pay... haha" was the attitude.
As recent as this season, representatives of the FAI were saying how great United were a few years ago, running a Black and White Ball fund-raiser in the Galway Radisson for example. It certainly brought a lot of money to the coffers, mostly because none of the bloody suppliers were paid. This is the exactly the type of behaviour that went on all the time and certainly explains how things have gone the way they have.
When directors were claiming to have been putting in money to the club, they seem to have mostly been taking out loans, hence the massive bank debt THEY now owe. It is not the responsibility of GUST or any supporter to pay this back. They were taken out and guaranteed by the directors. The banks may or may not see value in going after their money, but I hope they do.
Recently I saw an article about Don O'Riordan (now in China) who left United in 2001 to manage Sligo. Ten years and as many managers later, we have gone from a club with structures in place, youth teams winning all before them, a club that went out into the community... to what it has turned into... A club that has nothing but contempt for supporters, serving only as a plaything.
GUST represent my interests as a fan. I wish them the very best of luck. We have to see what the heads in the FAI decide, but outside of that, there will be no luck involved.
Well, prior to the Lex Poetelia Papira, they could force the directors of GUFC into indentured servitude. After they changed the law, it become common to jail the directors until their families paid the debt. Later still, the practice was to excuse the debt, tell the directors that they're very naughty men, slap them on the wrist with a short ban from directorships and ask them could they please not do it again. Currently, as far as I can make out, the government assumes control of the business, raising taxes to pay for the debts, and continue to pay the directors exorbitant salaries and cocaine allowances. However, plans are in place to force the populace to additionally perform oral sex on key elected officials across Europe for the pleasure of being so thoroughly ****ed over.Quote:
Originally Posted by eitoof
The FAI have issued a short statement on Monday's meeting with Galway United Supporters Trust calling it "a productive and informative meeting".
www.galwayunitedfc.net
Any chance GUST would follow suit and let us know how it went? The silence has been defeaning
The FAI have released a statememt, Woodquay Boy. GUST won't be making any comment pending further updates from the FAI.
I heard the FAI have lots of concerns about this new club and it's looking "unlikely" that they will be in the first division next season.
Expand...no point in throwing up statements unless you have the info to back it upQuote:
Originally Posted by Sean South
that link brings u to the forum.. wheres the statement on it??Quote:
Originally Posted by Terry
So much for being open and 'ask a question and we'll answer it'
Unfortunately WB its not a perfect world and no one can answer every question they are asked online. Were you at the meeting last sunday or the AGM the week before every question there was answered.Quote:
Originally Posted by WoodquayBoy