They're also asset free. Being debt free isn't much use for a senior football club when you have no assets.Quote:
Originally Posted by total hoofball
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They're also asset free. Being debt free isn't much use for a senior football club when you have no assets.Quote:
Originally Posted by total hoofball
Whilst I agree with you here, the problem is that in a closed football structure - i.e. not a pyramid - it would be a largely symbolic gesture against First Division clubs. Particularly in the coming year, when only one will go up and it's looking pretty clear before a ball is kicked which club that will be.Quote:
Originally Posted by total hoofball
If we ever get to a proper pyramid system in the ROI - which even the likes of the Irish League and League of Wales have got ffs - then it would have some teeth. Otherwise it would be a largely symbolic gesture most of the time against FD clubs.
Perhaps a fairer way would be to spread a points deduction over a number of seasons i.e. 12 in Year 1, 5 in Year 2, 3 in Year 3 ? That would have more of an impact on the players, manager etc that a club can attract than just one season of pain.
how come Mick Wallace isnt involved with Wexford FC is that cos of him trying to call back the loan from Youths?
God knows Wexford are better off.
He didn't call in the loan, the US vulture fund liquidating the assets of his company did. He isn't involved as this was one of the stipulations the FAI made for issuing Wexford FC with a new licence.Quote:
Originally Posted by Martinho II
Say what you will about Mick, but there isn't a hope that Wexford would have ever had a League of Ireland side without his input, even besides the millions he sunk into constructing Ferrycarrig.
Anyone who thinks Mick is done with Wexford Youths/Wexford FC doesn't know the man
Can't imagine there's too many on here that do know him.Quote:
Originally Posted by oldyouth
The Wexford situation is 100000000000% Cerberus sticking the knife into Wallace. Say what you will about his construction business over the years etc but he's done phenomenal work for Football in Wexford and is a proper football man. His bankruptcy and the calling in of the 200k off the Youths was all down to him outing them in the Dail for buying all those loans from Nama for pennies on the Euro, well below market value in another round of our grand old history of shady as fcuk political/ brown envelope dealings. Cerberus bought his debts from Nama and called them all in pretty much instantaneously to declare him bankrupt as payback for him publicaly outing their shady dealings in Project Eagle.